Munich Reinsurance Company of Canada
© 2018 (2018 (Photographer) - [None]

Canadian Wildfire Risk Portfolio Analysis

Methodology

Risks posed by natural disasters

Economic losses caused by natural catastrophes are trending upwards

Each year across the world, natural catastrophes destroy assets running into multiple billions. Often, only a tiny proportion of this damage is insured. While the insurance gap has diminished in recent years in industrialised countries, there is still a considerable gulf in developing and emerging countries. It is often the case there that individuals and companies affected by a catastrophe have to carry on regardless and are forced to rely on donations from their own country or abroad.