Author: Caroline Floyd

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CatIQ Platform

CatIQ Announces Agreement with Aon Impact Forecasting

Heavy rain

Toronto (9 Aug 2017) – CatIQ and Aon Impact Forecasting have entered into an agreement whereby Aon Impact Forecasting’s Canadian flood footprints will be made available as a layer on CatIQ’s CatHUB module for the benefit of CatIQ’s users effective immediately.

Adam Podlaha says “Aon Impact Forecasting’s Canadian flood footprints for events which hit Ontario, Quebec and British Columbia during May 2017 are now available on CatIQ’s CatHUB module. This will enable CatIQ’s users to more accurately analyse their risk exposure and prepare for future floods.”

Commenting on the announcement, Joel Baker, CEO of CatIQ said: “The addition of Impact Forecasting’s footprints will be invaluable to our subscribers” adding that “We are delighted to be working with Adam Podlaha and his outstanding team on this initiative”.

Aon Impact Forecasting flood footprints are now available on the CatIQ platform for “Eastern Canada Flooding” (2017-05-CAT-0085) and the “Kelowna Flooding” (2017-05-NE-0020).

More information can be found on www.aon.com/impactforecasting/impact-forecasting.jsp and www.catiq.com

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CatIQ Connect

CatIQ’s Canadian Catastrophe Conference (C4 2018)Call for Topic Suggestions

Toronto (May 12, 2017) – CatIQ’s Canadian Catastrophe Conference (C4 2018) issues a call for topics to help shape the agenda for the third annual conference. Responses are being collected via an online survey. The aim of C4 is to facilitate content-driven discussions to help foster collaboration before, during and after catastrophic events. C4 2017, which took place last February, brought together a very diverse crowd of catastrophe experts and stakeholders from industry, government and academia; proceedings for the conference have been made available online for more information.

The community of experienced, passionate and forward-thinking delegates who attend C4 have offered guidance and presented many suggestions over the past two years. Canadians are not strangers to catastrophic events but the frequency and severity of these events is increasing and the current risk management efforts are no longer working.

The newly convened C4 2018 Steering Committee strongly believes that a multi-level stakeholder discussion on better flood mitigation and forecasting is not only needed but is essential! Last year, wildfire was the topic of conversation but the current flooding situations across Canada in B.C., Ontario, Quebec and in the Atlantic Canada highlight the obvious need for collaboration and discussions specific to flooding. Most catastrophic events are discrete, localized occurrences but floods are an issue that impact every province and territory in Canada. In an ideal world, a catastrophic flooding event occurs and a homeowner would be assisted, but whose responsibility is it to assist them?

“Property owners deserve to know what a flood could mean for their families and homes to be empowered to act,” said Shawna Peddle, Director of Partners for Action, based in Waterloo’s Faculty of Environment. “Governments and stakeholders, such as realtors and insurers, must meet homeowner demand for more information.”

Although there will be a strong focus on flooding, the C4 2018 Steering Committee would like to get additional feedback on specific topics of interest under the general themes of:

  1. Natural & Man-Made Catastrophes
  2. Catastrophe Response, Communication & Mitigation
  3. Data, Technology & Standards
  4. Additional Perspective & Impacts

Those interested in providing feedback and topic suggestions are invited to complete the brief survey by May 26, 2017: C4 2018 Call for Topics Survey

C4 2018 will take place January 31- February 2, 2018 at the Hilton Lac-Leamy in Gatineau-Ottawa. Organizers will be working hard over the next several months to finalize the conference program and open registration in September. To learn more and view archived information, such as past conference proceedings, photos and agendas, visit: www.catiq.com/c4.

C4 2018 is being organized by a Steering Committee of subject matter experts including:

  • Jim Abraham Director, Canadian Climate Forum & C4 2018 Emcee
  • Balz Grollimund Head Treaty Underwriting, Swiss Reinsurance Company
  • Megan Meaney Director, ICLEI Canada
  • Anne Ruel Senior Actuarial Advisor, Risk Management, Desjardins General Insurance Group
  • Pat Van Bakel President & CEO, Crawford & Company (Canada) Inc.
  • Nathalie Bleau Coordinator, Built Environment Program, Ouranos
  • Stacey Johnson Reinsurance Specialist, Wawanesa Mutual Insurance Company
  • Shawna Peddle Director, Partners for Action, University of Waterloo
  • Sean Russell Managing Director, Guy Carpenter & Company
  • Rebecca Wagner Associate Director, Prediction Services Operations – Central Region, Meteorological Service of Canada, Environment and Climate Change Canada
  • Matthew Godsoe Manager, Research Unit, Public Safety Canada
  • Glenn McGillivray Managing Director, Institute for Catastrophic Loss Reduction
  • Carolyn Rennie Managing Director, CatIQ
  • Jason Thistlethwaite Assistant Professor, School of Environment, Enterprise and Development, University of Waterloo
  • Kyle Winston President, CRU Group Inc.
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CatIQ Platform

PERILS ENTERS STRATEGIC ALLIANCE WITH CATIQ; PROVIDES INDUSTRY LOSSES FOR CANADA

Signing a contract

Zurich (1 Feb 2017) – PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has today announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada via the PERILS Industry Loss Index Service.

With immediate effect, PERILS will make available industry loss data for any natural catastrophe event in Canada causing a market loss of CAD 300m or above. This includes all natural perils which Canada is exposed to, such as earthquakes, floods, various types of storms, wildfires, and volcanic eruptions.

The loss data will be made available by Canadian province and by the following lines of business: Private Property, Commercial Property and Motor Hull (Auto). Loss reporting for qualifying Canadian events, i.e. event losses of CAD 300m or above, will follow the standard PERILS reporting schedule, with the first loss report being made available 6 weeks after the event, followed by a minimum of three updates 3, 6, and 12 months after the event.

The industry loss data provided by PERILS are compiled by Toronto-based CatIQ. The firm collects event loss data on catastrophic events from the overwhelming majority of affected insurers in the Canadian insurance market. CatIQ is guided by a ten-member advisory board which includes senior representatives from three major Canadian primary writers and one global reinsurer on a rotation basis, as well as permanent representatives from Aon Benfield, Guy Carpenter, JLT Re, the Insurance Bureau of Canada (IBC), the Institute for Catastrophic Loss Reduction (ICLR) and Canada’s federal agency, Environment and Climate Change Canada.

The addition of Canada brings to 16 the number of territories currently covered by the PERILS Industry Loss Index Service, which also includes: Australia, Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Sweden, Switzerland, Turkey, and the United Kingdom.

The PERILS Industry Loss Index Service is widely used for industry loss-based risk transfer products such as Industry Loss Warranties and Insurance-Linked Securities. To date, more than USD 14bn of PERILS data-based risk limits has been placed in more than 200 individual transactions.

Commenting on the announcement, Luzi Hitz, CEO of PERILS, said: “We are extremely pleased to be announcing our partnership with CatIQ. The firm’s excellent market reputation has enabled it to secure the support of most of the Canadian general insurance sector. Providing CatIQ data through the PERILS Industry Loss Index Service fits perfectly with our mission to increase data availability for the insurance industry. It also reinforces our ability to provide a one-stop-shop for state-of-the-art industry loss triggers, thereby helping to increase the efficiency of this specialised risk transfer market.”

Joel Baker, Founder and CEO of CatIQ, added: “We are thrilled to be working with the esteemed PERILS team to bring CatIQ’s analytics and loss indices to the wider risk transfer market. We consider this a win-win-win for ourselves, PERILS and the markets we serve. The CatIQ team looks forward to working closely with our new partner, PERILS, to bring additional innovative solutions to the global market.”

About PERILS

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. 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) and currently covers the following 16 countries: Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Sweden, Switzerland, Turkey, and the United Kingdom. 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.

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CatIQ Connect

CatIQ’s Canadian Catastrophe Conference (C4 2017) Call for Topic Suggestions

C4 Connect 2016

Toronto (May 11, 2016) – Catastrophe Indices and Quantification Inc. (CatIQ) is pleased to announce that after a very successful inaugural conference in 2016, CatIQ’s Canadian Catastrophe Conference (C4) will be returning as an annual event. The goal of the conference remains the same, to bring together Industry, Academia, and all levels of Government to discuss natural and man-made catastrophes.

Taking into account the feedback received from delegates, there will be improvements made to ensure that the conference can continue to provide engaging sessions, speakers and a diverse crowd with multiple networking and learning opportunities. Breakout sessions and workshops at C4 2017 will provide delegates with further engagement and discussion on key topics of interest.

The recent devastating wildfire in Fort McMurray has highlighted the need to discuss strategies and preparation before, during and after a catastrophic event. The resiliency, strength and courage of the Regional Municipality of Wood Buffalo, the Alberta Government, the public, and the insurance industry have reframed our discussions at work, at home, and here at C4.

In order to create a dynamic conference which touches upon topics of most interest to past and prospective delegates, CatIQ is providing an Open Call for Topic Suggestions.

Overall themes for C4 2017 will include:

  1. Natural & Man-Made Catastrophes
  2. Catastrophe Response & Communication
  3. Data, Technology & Standards
  4. Additional Perspective & Impacts

Past participants and those with interest in attending C4 2017 are invited to share their opinions on Topic Suggestions using the following survey link: Call for Topic Suggestions Survey no later than June 3, 2016.

Additionally, topic suggestions and additional feedback can be sent directly to CatIQ’s Managing Director, [email protected].

C4 2016 Emcee Glenn Gibson, who is also Vice-Chairman of the Hamilton Tiger-Cats will be returning again for C4 2017. Feedback from delegates included his positive energy, the very interesting relation of football to Catastrophe Management, updates on Groundhog Day forecasts and the creation of the “Best Sock” competition for speakers.

2017 Steering Committee

  • Jim Abraham Director, Canadian Climate Forum
  • Paul Cutbush SVP Catastrophe Management, Aon Benfield Analytics
  • Paul Kovacs President & CEO, PACICC and Executive Director, ICLR
  • Shawna Peddle Director, Partners for Action (P4A), University of Waterloo
  • Pat Van Bakel President & CEO, Crawford & Company (Canada) Inc.
  • Nathalie Bleau Coordinator, the Built Environment Program, Ouranos
  • Glenn Gibson President & CEO, The GTG Group
  • Megan Meaney Canadian Director, ICLEI – Local Governments for Sustainability
  • Carolyn Rennie Managing Director, CatIQ
  • Rebecca Wagner Manager, Prediction Services Operations – Central Region, Meteorological Service of Canada, Environment and Climate Change
  • Claudette Cantin SVP, Chief Risk Officer, Munich Re of Canada
  • Steve Johnston Director, Reinsurance The Co-operators Group
  • Mazdak Moini VP Commercial Lines & Reinsurance, Aviva Canada Inc.
  • Jason Thistlethwaite Director, Climate Change Adaptation Project Canada,
    University of Waterloo
  • Kyle Winston President, Catastrophe Response Unit (CRU) Group Inc.

C4 2017 will take place on February 1-3, 2017 at the Allstream Centre in Toronto, Ontario. The full conference program will be released and registration will open in September. Additionally, CatIQ will also continue the C4 2017 Student Delegate Program which will award five students with the opportunity to share their research related to natural & man-made catastrophes at the conference.

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CatIQ Announcements CatIQ Platform

CatIQ Provides Comprehensive Insured Loss Estimates on all Canadian Catastrophes since 2008

Large hail

Toronto (January 28, 2016) – Catastrophe Indices and Quantification Inc. (CatIQ) is pleased to announce the release of catastrophic insured loss estimates from 2008-2012.

Now available on CatIQ′s Platform (www.catiq.com), this release brings CatIQ′s detailed database to 69 catastrophic events (CATs)1 along with an additional 70 notable events (NEs)2 from Jan 1, 2008 to the present. Incurred losses relating to all events over the past eight years exceed C$11 billion, averaging C$1.4 billion per year (on a nominal basis). This rich dataset will prove invaluable to the Canadian and global insurance/reinsurance/ILS industries as well as other stakeholders dealing with catastrophe management.

With the overwhelming support CatIQ receives from the insurance industry3, CatIQ is confident that its loss estimates are by far the most accurate and reliable in the market.

The CatIQ Platform provides GIS footprints, postal codes, meteorological & damage information, photos, videos and related media for both CATs and NEs, along with comprehensive insured industry loss estimates for CAT events, specifically. CatIQ’s industry loss estimates are based on surveys of the overwhelming majority of affected insurers and can be accessed in Bulletin View, CatHUB View, Query View and the Analysis Dashboard. Additionally, companies who submit data are able to compare industry CAT losses to their own losses.

With almost 140 events catalogued which can be overlaid and analyzed, there is an unparalleled wealth of knowledge available on our platform. There are so many interesting statistics and trends which can be used to explore known catastrophe risk to specific locations all across Canada by event type, loss size and specific peril, states Carolyn Rennie, CatIQ′s Director of Catastrophic Loss Analysis. We owe a debt of gratitude to all the participating insurers and to the members of CatIQ′s industry advisory committee whose input continues to be invaluable.

CatIQ will be running an exclusive WebEx for subscribers on February 26th: Canadian Catastrophes in Review

1 Catastrophes (CATs) are events which impact multiple insurers and insurance companies causing property damage with losses great than $25M
2 Notable events (NEs) are events which do not meet the CAT threshold but still cause significant property damage with losses between $10M and $25M (estimated at $17.5M)
3 CatIQ’s current participation rate amongst Canadian insurers exceeds 80% when measured on a DPW basis.

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CatIQ Announcements CatIQ Connect

Registration Now Open for CatIQ’s Canadian Catastrophe Conference

Conference attendees listening to a session.

Toronto (October 7, 2015) – With the help of the CatIQ′s Canadian Catastrophe Conference (C4) expert Senior Advisory Committee, CatIQ announced that registration is now open for C4 2016. The full two-day event will provide attendees with a content driven platform to foster collaboration before, during and after catastrophic events.

Very recent meteorological disasters in South Carolina and the Bahamas remind us of the need for this type of organized gathering. I′m looking forward to the productive conversation among stakeholders on a collaborative approach to enable our communities to become more resilient, said C4 2016 Advisory Committee Member Jim Abraham, Director, Canadian Climate Forum and former Director General, Weather Environmental Monitoring, Meteorological Service of Canada, Environment Canada.

C4 2016 Emcee Glenn Gibson and Vice-Chairman Hamilton Tiger-Cats agreed by saying, I do think that events like the past few days shown the value proposition of the insurance policy. You pay a premium for something you hope never happens. It′s difficult at times to equate a premium payment′s value until an extreme weather event occurs.

C4 is geared towards:

  • Industry executives, including the Canadian Insurance & Reinsurance Industries, as well as other sectors impacted by catastrophic events
  • The academic and professional community conducting research related to natural or man-made catastrophes, engineering, and emergency management
  • All levels of government (municipal, provincial and federal) tasked with preparedness and resiliency from catastrophes
  • Policy makers and risk managers

The full program is now available online at www.catiq.com/c4 featuring over 40 outstanding speakers from industry, academia and government. C4 2016 sessions centre around three main themes: Catastrophes (An Overview), Strategies and Tools in Catastrophes Management and Sector Perspectives. Additionally, attendees will hear from two keynote luncheon speakers: George Kourounis, Storm Chaser & Host of Angry Planet, and Butch Bacani from the United Nations Environmental Program Finance Initiative.

Sessions include:

  • Connecting the Dots
  • CatIQ 2015 CATs in Review
  • Lessons Learned from Recent Events
  • View From on the Ground
  • Preparing for Man-Made Catastrophes
  • Dealing with Hail Risk
  • Floods – Where Do We Stand & What′s Next?
  • Modeling Catastrophes
  • Who Pays the Bill?
  • Are we Getting Through? Effective Communication
  • Resilient Cities
  • Public Sector Perspective
  • Claims Executives
  • Building a Framework for Resilience

Delegates who register before November 30th receive a discount of $100 and a further discount if three or more delegates register. Additionally, C4 2016 features a discounted Academic Rate available to students and professors at Academic Institutions.

Carolyn Rennie, Director of Catastrophic Loss Analysis stated, It′s been a busy couple of months preparing the program, but the overwhelming support and encouragement from our speakers, sponsors and community partners has made the hard work worthwhile.

Current partnerships include:

  • Gold Sponsors: Aviva, Co-operators & CRU Group
  • Silver Sponsors: Aon, IBC, Munich Re & Swiss Re
  • Community Partners: CMOS, Ouranos, ICLR, ICLEI, Canadian Climate Forum & CRH Net

To register, visit www.catiq.com/c4, and obtain more conference information overall and information on partnerships.

C4 2016 Advisory Committee Members:

  • Jim Abraham, Director, Canadian Climate Forum and former Director General, Weather Environmental
  • Joel Baker, President and CEO of MSA Research Inc. & CatIQ Inc.
  • Glenn Gibson, C4 2016 Emcee, Vice-Chairman Hamilton Tiger-Cats & former EVP and Global Chief Strategy Officer of Crawford & Company
  • Steve Johnston, Director of Reinsurance, The Co-operators
  • Paul Kovacs, Executive Director, Institute for Catastrophic Loss Reduction (ICLR) & CEO, PACICC
  • Caroline Larrivée, Team Leader ‐ Vulnerability Impacts & Adaptation, Ouranos
  • Skip McHardy, VP Canadian Catastrophe Operations, Catastrophe Response Unit (CRU) Inc.
  • Mazdak Moini , VP Commercial Lines & Reinsurance, Aviva Canada
  • Christoph Oehy, Head Treaty Underwriting – SVP, Swiss Reinsurance Company Ltd.
  • Carolyn Rennie, Director of Catastrophic Loss Analysis, CatIQ Inc.
  • Sean Russell, Managing Director, Guy Carpenter Canada
  • Jason Thistlethwaite, Director, Climate Change Adaptation Project (CCAP), University of Waterloo
  • Pat Van Bakel, President & CEO, Crawford & Company (Canada) Inc.
  • Rebecca Wagner, Manager, Prediction Services Operations ‐ Central Region, Meteorological Service of Canada, Environment Canada
Categories
CatIQ Announcements CatIQ Platform

Save the Date CatIQ’s Canadian Catastrophe Conference (C4)

becoming the norm and extreme events like the Calgary and Toronto Floods in 2013 have caused unprecedented economic impacts. These catastrophic events, which directly impact the Canadian public, require industry, academia and all levels of government to work together before, during and after these events.

With such a great need to build collaboration and resilience, Catastrophe Indices and Quantification Inc. (CatIQ) today announced its inaugural conference to address what is foremost on all our minds. CatIQ’s Canadian Catastrophe Conference (C4) will take place on February 1 & February 2, 2016 at the Toronto Region Board of Trade in Toronto, Ontario. The conference will provide an overview of catastrophes, discuss strategies in catastrophe management, and explore sector perspectives.

The C4 event is being shaped by a senior 14 person Advisory Committee from the key sectors impacted. The two-day conference which will bring together panels and speakers is being designed to “Connect the Dots” between Industry, Government and current research taking place in Academia.

The Senior Advisory Committee Members for C4 2016 include:

  • Jim Abraham, former Director General, Weather Environmental Monitoring, Meteorological Service of Canada, Environment Canada
  • Joel Baker, President and CEO of MSA Research Inc. & CatIQ Inc.
  • Glenn Gibson, C4 2016 Emcee, Vice-Chairman Hamilton Tiger-Cats & former EVP and Global Chief Strategy Officer of Crawford & Company
  • Steve Johnston, Director of Reinsurance, The Co-operators
  • Paul Kovacs, Executive Director, Institute for Catastrophic Loss Reduction (ICLR) & CEO, PACICC
  • Caroline Larrivée, Team Leader – Vulnerability Impacts & Adaptation, Ouranos
  • Skip McHardy, VP Canadian Catastrophe Operations, Catastrophe Response Unit (CRU) Inc.
  • Mazdak Moini, VP Commercial Lines & Reinsurance, Aviva Canada
  • Christoph Oehy, Head Treaty Underwriting – SVP, Swiss Reinsurance Company Ltd.
  • Carolyn Rennie, Director of Catastrophic Loss Analysis, CatIQ Inc.
  • Sean Russell, Managing Director, Guy Carpenter Canada
  • Jason Thistlethwaite, Director, Climate Change Adaptation Project (CCAP), University of Waterloo
  • Pat Van Bakel, President & CEO, Crawford & Company (Canada) Inc.
  • Rebecca Wagner, Manager, Prediction Services Operations – Central Region, Meteorological Service of Canada, Environment Canada


“We are delighted to have assembled such a stellar advisory committee that truly bring cross-sector and multi-regional perspectives to the complex area of catastrophe management,” said CatIQ’s Director of Catastrophe Loss Analysis, Carolyn Rennie. “Thanks to them, the agenda that is taking shape will resonate across all sectors that are impacted by CATs”.

Registration information and the complete agenda will be released in September on www.catiq.com/c4/savethedate.

Categories
CatIQ Announcements CatIQ Platform

New CatWATCH™ Alerts Forecast & Monitor Potential Canadian Catastrophes

CatWATCH

Available Now to CatIQ Subscribers

Toronto (May 14, 2015) – Catastrophe Indices and Quantification Inc. (CatIQ) today released the first phases of two brand new features to its online subscription-based Platform (www.catiq.com): CatWATCH™ and Analysis Dashboard.

CatIQ reports on natural and man-made disasters causing catastrophic damage and provides catastrophe (CAT)1 or notable event (NE)2 declarations based on estimated property losses. When CatIQ declares an event, a plethora of information is available on CatIQ’s Platform including a geographic footprint, initial bulletin with meteorological insight (if applicable), and related media. Although CatIQ’s detailed reporting is available within 1-2 days of the event, there is a need for more real-time information.

“During consultation with the industry, it became very apparent that advanced warning of impending conditions which may develop into catastrophic events is extremely important. Since we are already tracking events and collecting information in order to make CAT declarations, it makes sense to share this information with our users,” commented Carolyn Rennie, CatIQ’s Director of Catastrophic Loss Analysis and in-house meteorologist.

CatWATCH™ is being created to provide updates on possible CATs monitored by CatIQ. CatWATCH™ features will be rolling out over the next couple of months beginning with Phase 1 – CatWATCH™ Alerts. Notification about potential CATs is extremely important as Canada approaches what Carolyn calls, “CAT Season”. These updates will come in the form of CatWATCH™ Alerts. The Alerts will be released to CatIQ subscribers for 5 different watch types: Severe Weather Watch, Tropical Storm Watch, Flood Watch, Forest Fire Watch, and Winter Storm Watch.

CatWATCH™ Alerts will include geographic footprints of the areas which may be impacted, information on which perils may occur or are occurring, as well as possible property damage and preparation related to each watch type. These CatWATCH™ Alerts and subsequent updates, prior to a catastrophe occurring, could assist in the mobilization of claims staff, adjusters and emergency management officials or used in policy holder outreach.

Today CatIQ has also released its ground-breaking Analysis Dashboard. Participating insurance companies have the ability to benchmark themselves with the rest of the industry and monitor trends in CAT loss estimates. The Analysis Dashboard is also integrated with data from MSA Research, CatIQ’s sister company, to provide an estimate of the impact of a specific CATs on direct loss ratios. Analysis Dashboard Phase 2 – Multi-CAT, is currently under development and will provide reports and analytics for multiple CAT events.

CatIQ Users will find out more about both features at this afternoon’s interactive Training Webinar.

Categories
Catastrophes CatIQ Announcements

Updated Industry Loss Estimate Released on Canada Day Weekend Flooding in the Prairies

Heavy rain

Over $140 million in Insured Damage

Toronto (September 18, 2014) – Catastrophe Indices and Quantification Inc. (CatIQ) today released updated industry loss estimates on the flooding which occurred in Manitoba and Saskatchewan during the Canada Day Long Weekend (June 28-30, 2014). The updated insured loss estimate of over $140 million (which includes loss adjustment expenses) came from the recent 45-day re-survey of the overwhelming majority of affected insurers.

CatIQ has now pegged this catastrophe as the second largest to occur in Canada so far in 2014, following the hailstorms in Alberta which occurred in early August. CatIQ’s in-house meteorologist and Director of Catastrophic Loss Analysis, Carolyn Rennie, analyzed the meteorological system which triggered the flooding stating, “Over the Canada Day Long Weekend, a large low pressure system moved through the Prairies. The stationary system brought strong winds and heavy rains to areas of southeastern Saskatchewan and southwestern Manitoba for the entire weekend. The heavy rains, up to 230 mm in some areas, caused widespread flooding. Rivers and creeks overflowed which impacted areas from Regina to Winnipeg. The hardest-hit areas were on the Saskatchewan /Manitoba border. “

CatIQ will continue to monitor the development of this and other events. CatIQ is offered as a free service to Canadian primary insurers who supply data through surveys on the insured losses. In order to most accurately estimate the losses, exclusive Canadian Market Share data is used, as published by CatIQ’s sister company MSA Research Inc.

Members who subscribe to CatIQ have access to additional information related to this Cat (and all 2014 Cats) including; geographic footprint, media, affected postal codes, as well as the industry loss estimates broken out by province and line of business.

Categories
CatIQ Announcements CatIQ Platform

Crawford joins CatIQ’s Industry Partners Program to Deliver Valuable Information from Catastrophe Zones

Signing a document

Toronto (August 13, 2014) – Catastrophe Indices and Quantification Inc. (CatIQ) and Crawford & Company (Canada) Inc. (Crawford) today announce that Crawford has joined CatIQ’s Industry Partners Program whereby Crawford will provide CatIQ’s users with actionable real-time information from Catastrophe Zones (Cat Zones) across Canada via its proprietary CatHUB interface within the www.catiq.com platform.

CatIQ’s Industry Partners Program is an important layer of information that users will only find in CatIQ’s CatHUB interface consisting of photos, videos and text based reporting from catastrophe zones.

Crawford’s extensive network and national reach will enable CatIQ’s users to benefit from exclusive photos, videos and text-based reporting from catastrophe zones across Canada immediately following the catastrophe and as the recovery process progresses.

“We are thrilled that Crawford, the world’s largest independent provider of claims management solutions has joined this program for the industry’s benefit” said Joel Baker, CEO, CatIQ. “Crawford’s reach will give CatIQ’s users excellent visibility into the complexities that quickly arise in the wake of catastrophes and help insurers respond more effectively.”

“We look forward to being part of such a unique program and having the opportunity to help our industry during difficult times,” said Pat Van Bakel, CEO, Crawford & Company (Canada) Inc. “CatIQ’s innovative system and Crawford’s experience in handling catastrophic losses will help users access important, detailed information when they need it the most.”

About Crawford

Crawford & Company (Canada) Inc. is a wholly-owned subsidiary of Crawford & Company. Based in Atlanta, Ga., Crawford & Company (www.crawfordandcompany.com) is the world’s largest independent provider of claims management solutions to the risk management and insurance industry as well as self‐insured entities, with an expansive global network serving clients in more than 70 countries. The Crawford Solution℠ offers comprehensive, integrated claims services, business process outsourcing and consulting services for major product lines including property and casualty claims management, workers compensation claims and medical management, and legal settlement administration. The Company’s shares are traded on the NYSE under the symbols CRDA and CRDB.