AGENDA & TOPICS

OPENING KEYNOTE ADDRESS

Canadian climate change outlook 2017 & beyond

In his opening keynote, Canada’s most charismatic climatologist, David Phillips, will draw on his nearly 50-years of experience at Environment Canada to share his though-provoking predictions about the future of flood. His predictions are based on scientific analysis, ranging from the purely atmospheric to observations about human nature.

  • How Canadian and American floods are changing
  • Do we need to adapt to climate change by rethinking green and grey infrastructure?
  • Can we use history as a guide for predicting future flooding?

PERSPECTIVES ON FLOOD RISK IN CANADA – WHO’S ENGAGED, WHAT DO WE KNOW, AND WHERE DO WE GO FROM HERE?

Partners for Action (P4A) is an applied research network advancing flood resiliency in Canada in the face of a changing climate and extreme weather. P4A’s recent survey of 2,300 Canadian households demonstrated that flood risk awareness is low and threatens to stay that way, even in a changing climate.

  • Results of the public survey and workshop with the insurance industry and government - and what these results mean for you
  • Overview of the current state of flood risk management in Canada
  • Current and future initiatives needed to raise awareness and to foster proactive and collaborative approaches to make our communities more resilient to flood

FLOOD PREVENTION TIPS AND THE ROLE OF MODERN TECHNOLOGY IN MITIGATING FLOOD RISK

Our panel of industry experts will discuss best practice flood-proofing strategies for home owners, insurer-led flood mitigation initiatives and technology that can address the flood-related impacts of climate change.

  • How can consumers protect their homes from flooding?
  • Practical recovery tips that homeowners need to know about
  • What are the various industry stakeholders doing to mitigate flood risk?
  • Discussion on innovative technology that is being used to mitigate flood risk

HOW MUNICIPAL AND PROVINCIAL LEVELS OF GOVERNMENT ARE ADDRESSING FLOOD RISK AND CLIMATE CHANGE

In this session, government officials will discuss provincial and municipal climate change adaptation plans, including prevention measures that have been put in place to address flooding and water disasters. The speakers will also share their views on how insurance companies, brokers, and government agencies can work together to develop a national flood strategy and address climate change in Canada.

  • What are the provincial and municipal positions and action on flooding and climate change?
  • What investment is being made into new and aging infrastructure?
  • What is being done to reconcile, standardize and update flood maps?

NETWORKING LUNCHEON

1:00 pm - 1:15 pm

Luncheon Keynote Address: Federal Update from Public Safety Canada

INSURANCE BUREAU OF CANADA: STATE OF THE INDUSTRY UPDATE

Risk management and insurance thought leader, Lapo Calamai, will provide a comprehensive overview of the current state of the flood insurance market across the country. Lapo will discuss recent product and market developments, government and regulatory initiatives impacting the industry, and the work IBC is doing to pave the way for a sustainable flood insurance market across Canada.

CARRIERS’ PANEL AND OPEN FORUM Q&A: OVERVIEW OF DIFFERENT PRODUCTS AVAILABLE IN CANADA

In this highly interactive session, the country’s leading insurance companies that currently offer flood coverage will discuss their products and the rationale behind them. The session will start with individual presentations by insurance companies, followed by a panel discussion and an open forum Q&A with the audience. Discussion points will include:

  • Brief overview of coverage per company, including limits, sub-limits, definitions of terms and policy wordings
  • How are the mutuals approaching flood insurance?
  • How do various carriers determine coverage and rate premium? How do the insurers determine high-risk flood zones and areas?
  • Before AB, ON and Cape Breton floods: what did the carriers cover before as part of the homeowners insurance? What don’t they cover now?
  • What are insurance companies doing to standardize their products?
  • What are the carriers’ positions and processes on paying out claims?
  • Discussion on product take-up rates and claims payouts. Why are the policy prices going up? Is this a result of paying out flood claims?
  • Carriers’ positions on the population that is not eligible for flood coverage. What should we be doing with the uninsured?

BROKERS’ PANEL: BEST PRACTICE STRATEGIES FOR EXPLAINING AND SELLING FLOOD INSURANCE

Each flood insurance product currently available on the market today is unique in its terms, definitions, methodology, structure and high-risk/low-risk zoning determinations. This has made it difficult for brokers to navigate the differences in available coverages. In addition, some homeowners don’t see the value in purchasing flood insurance altogether or having a mitigation plan in place.

In this panel discussion, brokers will discuss potential solutions to industry’s biggest challenges when it comes to flood risk and insurance and will share their perspectives on how carriers and brokers can effectively work together to deliver the best solutions.

  • Practical consumer-friendly strategies for helping insurance brokers, internal staff and homeowners understand the differences between all products
  • Addressing homeowners’ lack of awareness: How to convince clients to purchase flood insurance and have a risk mitigation plan in place
  • Navigating differences in coverage and the impact of maps on coverage
  • Challenging carriers’ current flood maps and models
  • Risk management: How to avoid exposure to errors and omissions

KEYNOTE SESSION

Lessons learned in 2016 Cape Breton floods

In this closing keynote session, we will discuss 2016 Thanksgiving Day floods in Cape Breton. The damages caused by this disaster are estimated at over $15 million, and to date the province has received over 700 claims under the DFAA program.

  • What are some of the key learnings from this disaster?
  • What did the Cape Breton floods teach us about flood recovery best practice?
  • How will we respond to future floods, and are we better prepared now than we were before?

ADVANCES IN UNDERWRITING FLOOD

Evaluating flood risk is the first barrier to entry into the flood insurance market. Underwriters need to know the flood risk at a specific property, but they usually do not have the necessary maps, data or models available to know that risk. This is changing now, with high-quality elevation data driving new analytics that are giving underwriters the risk information they need.

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KMI Publishing and Events Ltd.

Chris Davis- Events Director‎
T: 416-644-8740 ext 250

E: registration@kmimedia.ca
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National Sales Manager – Events & Conferences
T: 416-644-8740 ext 232
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