Presentation and Discussion: Enhancing Resilience Through Insurance
David McGown, Senior Vice-President, Strategic Initiatives
Insurance Bureau of Canada
Insurance is widely recognized as being fundamental to the ability of communities and even countries to
recover more quickly from disasters. Where government aid flows slowly, insurance operates more
quickly. Where government aid only helps address basic needs, insurance can more fully indemnify
home and business owners, allowing them to fully recover. Insurance can also help governments, by
putting money in their hands quickly allowing them to address critical needs post disaster. Government
aid programs contain no incentive to mitigate risk, but because insurance pricing is tied to risk, it
rewards mitigation and helps create a culture of resilience