Market Trends of Canada Home Insurance Industry
This section covers the major market trends shaping the Canada Home Insurance Market according to our research experts:
CATASTROPHIC LOSSES
Insured losses for a given disaster are deemed catastrophic when they total Canadian Dollars 25 million or more. Catastrophic losses for a year are the sum total of insured losses from these catastrophes. Catastrophic losses due to natural disasters have increased dramatically over the last decade.
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