The drivers of crop losses in Canada vary significantly from year to year.

Drought/Heat
in 2006

91%

Flood/Moisture
in 2010

95%

Frost
in 2015

59%

Three recent years have exceeded the modeled average annual insured loss for crop hail of CAD 2.2 billion.

59%  

2008
Gross Insured Loss
CAD 3.2 Billion

Saskatchewan experienced its highest losses in history due to crop damage from hailstorms

2012
Gross Insured Loss
CAD 2.7 Billion

The Prairie Provinces experienced their second highest number of hailstorms on record

2016
Gross Insured Loss
CAD 2.8 Billion

Manitoba experienced its highest hail loss ratio since 1970

Planted crops across Canada have changed significantly in the past several decades.

rising arrow

 
 

Barley

46%

decrease in seeded acreage since 1980

Canola

342%

increase in seeded acreage since 1980

Lentil  

2,890%

increase in seeded acreage since 1981

Soybean

823%

increase in seeded acreage since 1980

Barley

Barley

Barley

Barley

The use of genetically modified crops is increasing as they are better able to withstand extreme weather conditions.

Genetically modified soybean

Barley

57%

increase in seeded acreage in Quebec and Ontario combined since 2000

Genetically modified corn

Barley

62%

increase in seeded acreage in Quebec and Ontario combined since 2000

In an ever-changing landscape, relying on historical experience alone is not sufficient for managing Canadian crop risk. How can you effectively manage your risk?

Market  


Account for today’s market conditions by taking a probabilistic view of risk that captures the effects of extreme weather on crops

 
Estimates  


Get more realistic loss estimates by leveraging a 10,000-year stochastic catalog that comprises real-world conditions of crops at the time of damage

 
Identify  


Identify aggregations of risk by using the most current crop exposure data available

 
Policy  


Make more informed pricing and underwriting decisions by incorporating today's policy conditions


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