CAT planning

Bev FitzGerald has just returned from Canada where he devised and facilitated a CAT scenario for an insurer client there. This involved severe damage to Vancouver City following a major earthquake off the coast of British Columbia. The scenario test was attended by the client’s senior management and proved an excellent opportunity to take key learnings from a hypothetical rather than an actual event. Experts predict such an event is a very high risk that could not only seriously impact the insurance market in Canada, but also its entire economy.