Categories
Catastrophes CatIQ Announcements

CAD 671M – CatIQ Discloses 45-day Loss Estimate for Southern Ontario Severe Storm Outbreak of September 2026

Toronto, October 20, 2026 – CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its second industry loss estimate for the severe storm outbreak that affected southern Ontario, including Toronto, on September 2 and 3, 2026.

The second estimate for the event, which provides a snapshot of the insurance market 45 days post-event, is CAD 671 million. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. More detailed meteorological information on the event is available via the CatIQ subscriber platform.

Caroline Floyd, Director of CatIQ, commented: “Severe convective storms have again been at the forefront of what has been a very active year for Canadian catastrophes. More than half of the year’s events involved SCS, including multiple major catastrophes affecting large population centres. The recent estimates released by our PERILS colleagues for the European severe convective events Raphaela and Cerry demonstrate the growing global impacts of this peril, and reaffirm the importance of having accurate data detailing the effects of these kinds of events.”

About CatIQ and PERILS 

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org 

PR Contact 

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com 

Categories
Catastrophes CatIQ Announcements

CAD 563M – CatIQ Discloses Initial Loss Estimate for Southern Ontario Severe Storm Outbreak of September 2026

Toronto, October 8 2026 – CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its initial industry loss estimate for the severe storm outbreak that affected southern Ontario, including Toronto, on September 2 and 3, 2026.

The first estimate for the event, which provides a snapshot of the insurance market three weeks post-event, is CAD 563 million. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. More detailed meteorological information on the event is available via the CatIQ subscriber platform.

Several days of hot and humid conditions over the region ended abruptly as a late-season severe storm outbreak swept through southern Ontario on September 2 and 3. Very large hail, damaging wind gusts, and torrential rain blasted the region from Windsor to Ottawa, resulting in multiple confirmed tornadoes and downbursts. Toronto was among the hardest-hit locations, experiencing hail the size of ping pong balls and wind gusts which buckled the side of a large stadium complex. Flash flooding closed major roadways and left motorists stranded and in need of rescue.

Caroline Floyd, Director of CatIQ, commented: “Southern Ontario is no stranger to severe thunderstorms, though it is rare to see storms of this intensity – particularly those featuring large hail – make a direct hit on Toronto. While there was certainly flooding reported with this event, including some severe flooding in Vaughan and regions to the north of Toronto, wind and hail damage played a bigger role this time, versus an event like the flash flooding in 2024. Notably, the average personal and auto claims are also currently lower for this event than the 2024 flooding. It will be interesting to watch the development of this estimate as the industry continues to process and resolve claims.”

About CatIQ and PERILS 

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org 

PR Contact 

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com 

Categories
Catastrophes CatIQ Announcements

CatIQ Discloses Third Loss Estimate for June/July Severe Storm Event in Ontario and Quebec, Updated Loss for Bald Range Fire

Toronto, October 6, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its third industry loss estimate for the severe thunderstorm event that affected parts of southern Ontario and southern Quebec between June 30 and July 3, 2026.

The third estimate for the event, which provides a snapshot of the insurance market 90 days post-event, is CAD 491 million. This marks an increase versus the 45-day estimate of CAD 439 million, with the majority of the growth occurring in the residential line of business. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. More detailed meteorological information as well as loss data at the FSA (high-res CRESTA) level for the event are available via the CatIQ and PERILS subscriber platforms.

Caroline Floyd, Director of CatIQ, commented, “The city of Ottawa saw its wettest summer on record in 2026, and this event was a primary contributor. Of the nearly 550 mm of rain that fell on the city between June and August, nearly 120 mm fell on July 1. The impact of this intense pluvial flooding is clearly reflected in the high-resolution loss data, which shows more than 45% of the incurred loss in personal lines stemmed from just two FSAs in the Nepean area. All told, more than 70% of the incurred total and more than 60% of claims for personal property arose from Nepean and communities on the southwest side of Ottawa.”

CatIQ also provided an update on the Bald Range Fire that impacted Summerland, British Columbia, and the surrounding area in August 2026. The second estimate, reflecting a snapshot of the insurance market 45 days
post-event, is CAD 293 million. This marks a slight decrease versus the initial estimate of CAD 313 million and falls below the PERILS reporting threshold.

The next update for next Ontario and Quebec storm estimate will be released on January 5, 2027, following the PERILS reporting schedule.

About CatIQ and PERILS
Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact
Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CAD 442 m – CatIQ Discloses Third Industry Loss Estimate for June 2026 Flooding in Montreal and Surrounding Area

Toronto, September 22, 2026 – CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its third industry loss estimate for the June 2026 flooding event which impacted Montreal’s West Island and the surrounding area.

The third estimate, which gives a snapshot of the market 90 days post-event and covers property and vehicle claims, is CAD 442 million. This marks a slight increase versus the initial estimate of CAD 411 million, reflecting growth in both residential and commercial property lines. In line with the reporting schedule, the next update of market losses will be made on 22 December 2026, six months following the event.

Caroline Floyd, Director at CatIQ, commented: “In many ways, pluvial flash flooding events were the story of the summer in terms of Canadian catastrophes, with several large population centres recording their wettest summer on record. Between June and August, CatIQ recorded six catastrophes dominated by pluvial flooding and sewer backup in Ontario and Quebec alone. These events resulted in more than 30,000 personal property claims. By comparison, between June and August 2025, we saw only one such event – albeit one that also directly impacted the Montreal metro area. 2024, thankfully, still stands as an outlier compared to both years, with major flash flooding in southern Ontario and the remnants of Hurricane Debby in southern Quebec generating nearly 100,000 personal property claims.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CAD 313M – CatIQ Discloses Initial Loss Estimate For Bald Range Fire

Toronto, September 15, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its initial industry loss estimate for the Bald Range fire that affected Summerland, British Columbia, Canada, and the surrounding area between August 7 and 18, 2026.

The first estimate for the event, which provides a snapshot of the insurance market three weeks post-event, is CAD 313 million. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. More detailed meteorological information on the event is available via the CatIQ subscriber platform.

The Bald Range Fire was discovered west of Summerland, B.C., on August 7 and grew rapidly amid tinder-dry conditions, spreading to cover more than 10,000 hectares by the following afternoon. More than 5,000 addresses in the region were subject to evacuation orders for nearly two weeks, and some outlying parts of the community were devastated by the blaze.

Caroline Floyd, Director of CatIQ, commented, “2026 has been another challenging year for wildfires across Canada, and British Columbia has seen some of the worst direct impacts in terms of insured losses with three new catastrophes declared to date. The behaviour of the Bald Range fire was indicative of the extremely dry conditions in the British Columbia Interior this year, as the fire grew to more than 10,000 hectares in less than 24 hours. Another potential indication of the intensity of this year’s fires is that measured against the 20-year average, the British Columbia Wildfire Service shows the province currently sits at about 90 percent of the average hectares burned, but only 80 percent of the average number of fires.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CatIQ Releases Updated Loss Estimate for Prairies Severe Weather Outbreak of June 2026

Toronto, September 9, 2026 – CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its third industry loss estimate for the Saskatchewan and Manitoba severe storm outbreak of June 9-10, 2026.

This third estimate for the outbreak, which provides a snapshot of the insurance market three months post-event, is CAD 923 million. This figure reflects an increase from CatIQ’s 45-day loss estimate of CAD 850 million, with commercial property losses driving the growth. The updated loss report for the event provides a detailed breakdown of property and motor losses by FSA (high-resolution CRESTA Zones).

In line with the reporting schedule, a fourth update of the market loss from the severe storm outbreak will be made available on December 10, 2026, six months after the event start date. FSA-level loss data for the event will also be updated at this time.

Laura Twidle, President and CEO of CatIQ, commented: “Canada experienced severe weather-related loss events at an above-average pace in the summer of 2026. In fact, the June storms in Saskatchewan and Manitoba marked the start of a ten-week stretch that saw at least one severe convective storm event reach the catastrophe threshold each week. Somewhat unusually, we also continued to see loss events driven by strong thunderstorms into late August and early September. While many of these events saw damage related to hail and strong wind gusts, at present 2026 seems destined to be remembered for its storm-related flash flooding, which resulted in numerous communities seeing their wettest summer on record.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CatIQ Discloses Second Industry Loss Estimate for Severe Storm Event in Ontario and Quebec in June/July 2026

Toronto, August 17, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its second industry loss estimate for the severe thunderstorm event that affected parts of southern Ontario and southern Quebec between June 30 and July 3, 2026.

The second estimate for the event, which provides a snapshot of the insurance market 45 days post-event, is CAD 439 million. This figure marks an increase versus the initial estimate of CAD 374 million, with growth mainly occurring in commercial lines. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. More detailed meteorological information on the event is available via the CatIQ subscriber platform.

Caroline Floyd, Director of CatIQ, commented: “The summer of 2026 has been an especially stormy one for many communities in Canada, with eleven catastrophes related to severe convective storms declared since June. Notably, many of these events have featured flash flooding as the main driver for insured losses. In fact, several large population centres, including Edmonton and Ottawa, have already recorded their wettest summers on record, with a little more than a month to go until the end of the season.”

About CatIQ and PERILS
Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact
Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CAD 2.8B – CatIQ Discloses Final Industry Loss For Flooding From The Remnants Of Hurricane Debby In August 2024

Toronto, August 11, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its sixth industry loss estimate for the flooding generated by the remnants of Hurricane Debby that affected Ontario and Quebec between August 9 and 10, 2024.

The sixth and final estimate, which provides a snapshot of the insurance market two years post-event, is CAD 2.800 billion. This figure is stable compared with one-year estimate of CAD 2.806 billion. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses.

The updated loss report provides a detailed breakdown of property and motor losses by FSA (high-resolution CRESTA Zones). Detailed meteorological information is also available via the CatIQ subscriber platform including rainfall totals, damage reports, news items, and images of damage caused by the event.

The remnants of Hurricane Debby crossed through the Lower Great Lakes region between August 8 and 10, 2024. More than 100 mm of rain fell across a large area from eastern Lake Ontario, through Montreal, and along the St. Lawrence River toward Quebec City. The hardest-hit regions of southern Quebec recorded more than 200 mm of rainfall during the event leading to widespread flooding and extensive flood damage.

Caroline Floyd, Director at CatIQ, commented: “In Quebec, the average personal claim shrank slightly, and the average commercial claim grew slightly. Interestingly, the average commercial claim is about the same for both major flooding events from 2024 (Southern Ontario Flash Flooding and Hurricane Debby). It is encouraging to see that at the two-year estimate the personal property claims are more than 99 percent closed with just a few outstanding. Of the big four events in 2024, Hurricane Debby is the last of the 2-year estimates to be published and has the highest percentage of the incurred closed overall.”

Floyd continued: “Hurricane Debby capped off an extremely busy catastrophe month – a month that drove annual losses for 2024 to record-breaking levels. Unsurprisingly, the Canadian insurance industry now uses 2024 as a benchmark to gauge how the latest catastrophe year is going. That said, as we have seen, it only takes one or two events to make it an active year.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CatIQ Discloses Final Industry Loss Estimate for 2024 Calgary Hailstorm, Issues Initial and Updated Estimates for Flash Flooding Events in Ontario and Quebec

Toronto, August 5, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its final industry loss estimate for the hailstorm that affected Calgary, Alberta on August 5, 2024. In addition, it has released an initial estimate for the severe thunderstorm event which affected southern Ontario and Quebec in early July 2026, and the 45-day post-event update for the June 2026 flooding event which impacted Montreal’s West Island.

The sixth estimate for the Calgary hailstorm, which provides a snapshot of the insurance market two years post-event, is CAD 3.349 billion. This figure is stable compared to the one-year post-event CatIQ estimate of CAD 3.293 billion. The loss number covers property (both commercial and residential) and vehicle (motor) claims including additional loss adjustment expenses. The CatIQ subscriber platform provides detailed breakdowns of property and motor losses by FSA (high-resolution CRESTA Zones) as well as meteorological information on the event.

Caroline Floyd, Director of CatIQ, commented: “Two years after Canada’s largest hail catastrophe, more than 95 percent of reported claims are estimated to have been resolved, up from 86 percent at the one-year mark. This increase is noteworthy in that it likely reflects the exceptional magnitude of the event. By comparison, after the 2020 Calgary hailstorm – the previous largest hail event in Canada – we observed that 90 percent of claims were closed at one year, and 96 percent at two years. So, while the 2024 event progressed more slowly through the first year, the industry has largely caught up at the two-year mark, despite handling nearly twice the claim volume of the 2020 storm.”

CatIQ has also released the first estimate for the severe thunderstorm event that affected parts of southern Ontario and southern Quebec between June 30 and July 3, 2026. Several days of strong thunderstorms capped off a heatwave that had gripped the region at the end of June, with widespread reports of flash flooding, hail up to 40 mm in diameter, and at least two confirmed tornadoes. The National Capital Region in particular saw periods of torrential rainfall, with Ottawa recording nearly 120 mm on July 1. CatIQ’s initial estimate for this event is CAD 374 million. In line with the reporting schedule, a second update of market losses will be made available at the 45-day post-event mark on August 17, 2026.

It has also released the 45-day post-event loss estimate for the Montreal and surrounding area flooding event of June 20 – 21, 2026. The second estimate, covering property and vehicle claims, is CAD 411 million. This marks a slight increase compared to the initial estimate of CAD 409 million. In line with the reporting schedule, a third update of the market losses will be made available on September 21, 2026, three months following the event.

Floyd added: “The summer of 2026 has seen catastrophes occurring across Canada at a record pace, with 10 new events occurring in June and July. The current record year – 2023 – also saw 10 events in June and July, although catastrophes in July made up the bulk of that total. Notably, 2023 also saw a further nine events occur in August, on the way to recording 26 events for the year. With 14 events declared to date, it remains to be seen whether 2026 will become the most active year on record.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com

Categories
Catastrophes CatIQ Announcements

CatIQ Discloses Final Industry Loss Estimate for Jasper Wildfire Complex of July 2024; Second Estimate for Prairies Severe Weather Outbreak of June 2026

Toronto, July 22, 2026 – CatIQ, the independent Toronto-based organization providing industry-wide catastrophe insurance data and subsidiary of PERILS, has today disclosed its final industry loss estimate for the wildfire event that affected Jasper, Alberta, between July 22 and August 17, 2024. In addition, it has issued the second loss estimate for the Saskatchewan and Manitoba severe storm outbreak of June 9 and 10, 2026.

The final estimate for the Jasper fire, which provides a snapshot of the insurance market two years post-event, is CAD 1.304 billion. This figure is stable versus the one-year loss estimate of CAD 1.313 billion. The updated loss report for the Jasper event provides a detailed breakdown of property and motor losses by FSA (forward sortation area).

The Jasper wildfire remains, by far, the costliest Canadian fire event of the 2020s, with a total loss only slightly lower than the cumulative total of the decade’s eleven wildfire events to date. Canada has recorded at least one fire-related catastrophe each year since 2023, including five events declared in 2025.

Laura Twidle, President and CEO of CatIQ, commented: “Though the loss footprint for the Jasper wildfire was relatively small, it is an important reminder that even a small number of claims can drive tremendous loss.  Of the more than 220 events in the CatIQ catastrophe loss database, Jasper maintains the highest average claim value for both personal and commercial property.”

CatIQ has also provided a six-week post-event estimate for the severe storm outbreak that affected Saskatchewan and Manitoba in the Canadian Prairies in June 2026. This figure, CAD 850 million, marks an increase over the initial estimate, with growth primarily appearing in motor lines. Both estimates cover property (both commercial and residential) and vehicle (motor) claims.

In line with the reporting schedule, a third update of the market loss from the severe storm outbreak in the Prairies will be made available on September 10, 2026, three months after the event start date. FSA-level loss data for the event will also become available at this time.

Twidle continued: “Contrasting the Jasper fire, the severe weather outbreak saw large population centres directly impacted by storms, driving a very large number of claims. As it stands, this event now has the third highest number of claims of any in the CatIQ database. It has been a busy start to the catastrophe season, and we must remember that these numbers are tied to people who have some of their largest investments and assets impacted. There’s been a significant number of Canadians impacted by severe weather and wildfires this year alone, and up to the end of June, the number of catastrophe claims exceeded 100,000.”

About CatIQ and PERILS

Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), a subsidiary of Zurich-based PERILS AG, is Canada’s loss and exposure indices provider, delivering detailed analytical and meteorological information on Canadian natural and human-made catastrophes. Through its online subscription-based platform, CatIQ caters to the needs of the insurance / reinsurance / ILS industries, public sector, and other stakeholders, with comprehensive insured loss and exposure indices and related information. 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 use of CatIQ and PERILS exposure and loss data other than in conjunction with a valid 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 on www.catiq.com or www.perils.org

PR Contact

Nigel Allen | +44 7988 478824 | nigel.allen@allenandclapham.com