Canada’s insurance industry has endured three straight years of record-breaking natural catastrophes , from wildfires in Western Canada to torrential rains in Toronto and Quebec and severe windstorms across multiple regions. While 2025 has so far been less severe, insurers expect climate volatility to keep intensifying.

Jean-François Chalifoux (pictured), president and CEO of Beneva, said the frequency and severity of weather-related events are certain to rise in the coming years and decades, shaping how carriers manage exposure and plan for resilience.

“We do strongly believe that in the global landscape, Canada is relatively well positioned to tackle climate change,” Chalifoux told Insurance Business . “But we definitely expect… the frequency and severity [of] weather-related even

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