Canada Atmospheric Perils
Do You Know Your Atmospheric Perils Risk in Canada?
Canadian homes and businesses are vulnerable to adverse weather conditions year-round. In summer 2015, AIR will release a significant update to the Canada Severe Thunderstorm model and introduce two new models to the Canadian market: Canada Winter Storm and Canada Tropical Cyclone. These models will provide companies with the most advanced view of hail, tornado, snow, freezing rain and temperatures, and wind risk in Canada.
How Do Canada's Building Codes Affect Your Wind Risk?
Across Canada, there is a wide range in building code type, adoption, and enforcement. To produce reliable estimates of loss potential, catastrophe models need to capture these complexities. The upcoming release of AIR's Canada atmospheric perils models incorporates exhaustive research by AIR wind engineers into the regional variations in building codes and wind load standards in Canada.
Helping You Own Your Canada Atmospheric Perils Risk
As the number and value of properties in the regions of Canada most at risk from these perils increase, Canadian insurers and reinsurers need state-of-the-science risk management and risk mitigation tools that draw on Canadian expertise and utilize local data sources.
AIR's new and updated models for Canada will play a critical role in helping insurance industry stakeholders better understand and manage their exposure to severe thunderstorm, winter storm, and tropical cyclone risk. AIR is committed to helping companies manage their risk in Canada today, tomorrow, and in the years and decades to come.
