Insurance for a better world

Research Topics document front page

Publication Date: 7th December 2020

Authors: Maryam Golnaraghi, Jason Thistlethwaite, Daniel Henstra and Craig Stewart

Part of a comprehensive review of flood risk management (FRM) in five mature economies, this report looks at the system in Canada.

As flood risk and economic losses due to flooding continue to increase, public- and private-sector organisations are taking a renewed interest in improving FRM, pursuing cross-sectoral collaborations to improve risk awareness and flood insurance penetration. FRM in Canada is transitioning from a hazard-based to a more risk-based, anticipatory approach, but dependence on structural defences and government disaster assistance continues to be a barrier to reform.

This report identifies and explores existing gaps in FRM, including ineffective flood risk communication, low levels of flood risk awareness and limited insurance take-up.

Related content

Press release (The Geneva Association and Intact Financial): In Canada Insurer-Government Collaboration on Floods is Growing and Raising Awareness is Priority

Country reports on the United States, England, Germany and Australia and Overview report

#RiskConversations webinar – Building Flood Resilience in a Changing Climate (U.S., England, Germany)

Press release – Better public- and private-sector cooperation urgently needed to manage flood risk (U.S., England, Germany)