Catastrophic losses which could be caused by earthquakes are a significant risk in Canada, and particularly in Québec and British Columbia. Like other risks which can significantly affect operations, this risk should be considered as part of the integrated risk management of any financial institution. It should be dealt with as an intrinsic part of catastrophe risk management and taken into account in business continuity planning.

Other than these general considerations, this guideline sets out the AMF’s specific expectations regarding damage insurers which issue insurance policies covering earthquake exposure risk.

Guideline in effect