CADRI makes sure its members' voices are heard by providing submissions in response to regulators' consultations and announcements. |
Canadian Department of Finance Earthquake Insurance Consultation – April 10, 2026
Our submission encourages the Department of Finance to work closely with the Insurance Bureau of Canada (IBC) to develop a risk-sharing framework for major earthquakes. We affirm the IBC’s position that an effective framework must reflect the reality of Canada’s insurance market and ensure that all insurers with material earthquake risk can benefit from a coordinated cost-sharing arrangement.
Our submission calls for faster modernization of systems that support licensing and regulatory supervision, an even more streamlined process for out-of-province agents, and expansion of the territory model outside the GTA.