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Ahead of the storm

Developing flood-resilience guidance for Canada's commercial real estate

Ahead of the storm
Published in June 2020

Flooding is the costliest natural disaster impacting Canadians and is the lead driver in rising catastrophic insurable losses for the property and casualty insurance sector in Canada.

  • Insured losses averaged $1.8 billion annually from 2009 to 2018, compared to $405 million annually from 1983 to 2008. Commercial real estate owners and managers are exposed to impacts of flooding, and tenants are becoming increasingly concerned with potential business disruption and loss of life during flood events.

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