Zurich - 25 Jul 2025
CAD 1,313M – CatIQ and PERILS release industry loss update for the Jasper Wildfire complex of July 2024
CatIQ and PERILS have today disclosed their fifth industry loss estimate for the Jasper Wildfire complex of July 2024.
The fifth estimate, which provides a snapshot of the insurance market one-year post-event, is CAD 1,313 million. This compares to the fourth loss estimate of CAD 1,233 million, issued six months after the event.
The loss number covers property (both commercial and residential) and vehicle (motor) claims, with commercial changes leading to the increase between estimates.