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.
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.
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.
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.
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.
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:
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.
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.
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.
“Excellent format. I like that it was geared more towards Insurance Brokers. It was also a smaller event, quaint and I was able to actually meet and talk with other Insurance professionals . I walked away feeling I'd spent my valuable time wisely.”
“A fantastic line-up of knowledgeable and engaging speakers with a wealth of frontline experience. I came away with several pages of notes, trying to keep up with the speakers’ great feedback and examples as they referenced cutting-edge practices"
KMI Publishing and Events Ltd.
Chris Davis- Events Director
T: 416-644-8740 ext 250
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National Sales Manager – Events & Conferences
T: 416-644-8740 ext 232