CatIQ Issues Annual Update of Insurance Industry Exposure Database for Canada

CatIQ - Catastrophe Indices and Quantification. A PERILS Company.

Toronto (April 29, 2025) – Catastrophe Indices & Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, announces the release of the annual update of its Canadian insurance Industry Exposure Database (IED).

In total, the new CatIQ IED 2025 includes detailed sums insured exposed to natural perils of CAD 21 trillion of property assets. The CatIQ IED showed growth across all perils in 2024, with a year-on-year increase in sums insured of 10% in the Canadian market. This outpaces the trend observed by PERILS AG in its other markets but marks a slight decrease versus Canadian growth between YE 2022 and YE 2023.

The CatIQ IED also showed some signals that may reflect shifts in the wake of 2024’s record-smashing catastrophe season. For instance, while the overall number of personal risks insured against fire in British Columbia and earthquake country-wide were relatively steady, the total deductibles reported by the industry jumped by nine and five percent, respectively.

The CatIQ IED is based on detailed exposure submissions from the majority of the Canadian insurance market and now contains 2024 year-end estimates of Canadian industry property sums insured. Consistent with PERILS’ globally recognized methodology, the IED is updated annually from the ground-up. The database makes available industry property sums insured, number of risks, and prevailing original insurance conditions by:

  • Canada Post Forward Sortation Area (FSA)/CRESTA,
  • Peril (windstorm, hail, fire, flood, sewer back-up, earthquake, and volcanic eruption),
  • Line of business (personal, commercial, and motor hull), and
  • Cover type (building, vehicle, contents, business interruption and additional living expense, where applicable).

Commenting on the announcement, Laura Twidle, President and CEO of CatIQ, said, “I would like to take this opportunity to thank all our participating insurers for their support in the production of this database.” 

The CatIQ IED module, along with the Canadian catastrophe loss database, is available via the CatIQ platform. Furthermore, the IED and granular loss information is made available on the PERILS platform. In addition to Canada, PERILS’ Industry Exposure and Loss Database covers Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Indonesia, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, the Philippines, Sweden, Switzerland, Thailand, Turkey, and the United Kingdom.

About CatIQ

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ),  a subsidiary of Zurich-based PERILS A.G., is Canada’s provider of insured loss and exposure indices. CatIQ specializes in the Canadian market, delivery analytical estimates of insured losses and exposures, along with detailed meteorological information on both natural and human-made catastrophes. Through its online, subscription-based platform, CatIQ combines comprehensive data on insured losses and exposures with related insights to serve the insurance, reinsurance, and insurance-linked securities (ILS) industries, as well as the public sector and other stakeholders. www.catiq.com Established in 2014 with support from the vast majority of the Canadian insurance and reinsurance industry, CatIQ is widely recognized as the most reliable source of catastrophe loss information in Canada. CatIQ also partners with MSA Research to host the annual Canadian catastrophe conference, CatIQ Connect. The next event is scheduled for February 3-4, 2026, at the Marriott Downtown at CF Toronto Eaton Centre. Visit connect.catiq.com for details.

About PERILS AG

PERILS is an independent Zurich-based organisation providing industry-wide natural catastrophe exposure and event loss data. The PERILS Industry Exposure & Loss Database is available to all interested parties via annual subscription. The database contains industry property sums insured and event loss information on a CRESTA zone level and per property line of business. PERILS industry loss estimates provided via the PERILS Industry Loss Index Service can be used as triggers in insurance risk transactions such as industry loss warranty contracts (ILW) or insurance-linked securities (ILS). The service currently covers the following 18 countries: Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Sweden, Switzerland, Turkey, and the United Kingdom. In addition, PERILS industry exposure data are available for Indonesia, the Philippines and Thailand. The use of PERILS exposure and loss data other than in conjunction with a valid PERILS License and according to its terms, by a Licensee or an Authorized User as defined in the License, is illegal and expressly forbidden.

More information can be found at https://www.catiq.com and https://www.perils.org

Contacts:

Laura Twidle | +1 416 368 1723 | admin@catiq.com