August estimates will be impacted by weekend flooding in Montreal and Toronto.
Modelling compares current climate to climate figures pre-dating the Industrial Revolution.
Like other property and casualty insurers, the company has seen improved results due to fewer major climate-related loss
Canada jumps six spots in global macroeconomic resilience rankings.
Global report for climate risk managers warns against using outdated models
Should extreme events continue in 2024, insurers could start facing earnings pressure.
Economic losses are estimated at over USD $100 billion.