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Severe weather drives insured losses past $840m in Manitoba and Saskatchewan: CatIQ
['Kassandra Jimenez-Sanchez']
ReinsuranceNe.ws
Severe weather losses in Manitoba and Saskatchewan – neighbouring provinces located in Western and Central Canada – have climbed above $840 million, according to the latest estimate from Catastrophe Indices and Quantification Inc. (CatIQ).
Since 2021, Manitoba and Saskatchewan have experienced 30 catastrophic weather events resulting in over $2.5 billion in insured losses.
That equates to nearly $1,000 in insured losses per person across these two provinces over the past five years – an increase of 140% over the previous five years.
In 2025 alone, wildfires in Manitoba and Saskatchewan caused roughly $430 million in insured losses, while flash flooding, hail and strong winds caused a further $330 million in insured losses.
So far in 2026, five of Canada’s 11 catastrophic weather events have affected Manitoba and Saskatchewan, including a dust storm with damaging winds that caused $40 million in insured losses.