Intact Financial Corporation
Occurred:
2025-04-30
Details Regarding the Identified Subject Matter
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Subject matters
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Details
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Financial Institutions, Taxation and Finance
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Providing input to the Department of Finance’s consultation on Proposals to Strengthen Canada’s Financial Sector. This includes advocating for the need for updates to statutory investment limits, which currently restrict insurers' flexibility to build diversified, risk-adjusted portfolios that reflect the sophistication of today's market.
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Budget, Climate, Federal-Provincial Relations, Financial Institutions
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Raise awareness of the financial impact a catastrophic earthquake could have on the Canadian economy, including the P&C industry, and the need for the federal government to be better prepared. Advocate for a public-private partnership with the insurance industry, to close existing insurance protection gaps and ensure future insurability of high-risk perils, such as earthquake.
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Budget, Climate, Federal-Provincial Relations, Financial Institutions
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Support efforts, including through Public Safety Canada’s Task Force on Flood Insurance and Relocation, to stand up a high-risk national flood insurance program as announced in Budgets 2023 & 2024. This includes advocating for a public-private partnership with the insurance industry and establishment of a Crown Corporation to administer the program.
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