Toronto, ON (June 1, 2025) – The Institute for Catastrophic Loss Reduction (ICLR) and Accenture are excited to announce the launch of the ICLR Toronto Climate Resilience Centre in Accenture’s downtown Toronto office. The Centre will serve as a hub for insurance and reinsurance companies, brokers, reinsurance intermediaries, supply chain professionals, and other stakeholders committed to addressing climate-related risks and enhancing both residential and commercial resilience.
The Resilience Centre is part of ICLR’s growing network of climate resilience centers focused on advancing research, education, and the demonstration of practical climate risk mitigation strategies. Accenture is hosting the Centre as part of its global commitment to improving climate resilience and helping businesses transform their performance.
Paul Kovacs, Executive Director, Institute for Catastrophic Loss Reduction (ICLR), said: “Canadians experienced $13 billion in preventable damage last year from climate extremes. ICLR is proud to partner with Accenture as a strong leader in reinvention and technology services to showcase actions that homeowners and businesses can take to prepare for future risks in the age of data and AI advancements. Small and collaborative investments in protection will significantly reduce damage from flooding, wildfire, and severe storms.”
Puneet ChaLree, Insurance Strategy and Consulting Lead for Canada, Accenture, added: “The impact from the velocity and frequency of climate related disasters has taken an unprecedented toll on Canadians and the role insurers play. There is increased vulnerability in the system for Canadians with rising deductibles and premiums triggered by year over year historical insurance losses. This is leading to the exit of carrier and risk transfer business in certain parts of our country, and increased pressure on the insurance ecosystem to deliver protection, process unprecedented claims and provide advice during unprecedented events. It is critical that the insurance sector along with key stakeholder groups from government come together on the shared focus to build resiliency for Canadians and the insurance sector through reinvention in how climate risk is measured, managed and prevented. The role of advancement in data-led and AI capabilities is instrumental in advancing this focus and bringing loss levels from the $8.5B seen in 2024 to below the $2B historical 10 year average. The mandate of ICLR is critical to building this resiliency, and Accenture is pleased and humbled at the opportunity to collaborate through the opening of our Toronto Resiliency Centre.”
Phil Gibson, Senior Advisor, Accenture, added: “Climate change is one of the most pressing challenges of our time. Individuals and organizations must act decisively and strategically to mitigate its risks. We are proud to host the Centre and to provide access to Accenture’s transformation experts. The Toronto Resilience Centre will be a place where industry leaders come together to learn, collaborate, and develop innovative solutions to reduce climate risks. We are excited to partner with ICLR on this impacaul initiative for Canadians.”
The Centre will provide a range of services, including climate risk assessments, strategic advice, and access to advanced tools and frameworks for reducing climate vulnerabilities. It will also host events, workshops, and webinars to promote best practices in climate resilience, sustainability, and risk management.
The Toronto Climate Resilience Centre is poised to be a vital resource for businesses across Canada looking to prepare for and mitigate the impacts of climate change. The Grand Opening took place on May 15th.
About the Institute for Catastrophic Loss Reduction
Canada’s leading disaster research institute, the Institute for Catastrophic Loss Reduction (ICLR), was established by the insurance industry in 1997 as an independent, not-for-profit research and outreach institute to champion disaster resilience in Canada. ICLR is an international centre of excellence affiliated with Western University, London, Ontario. The Institute develops and champions evidence-based disaster safety solutions that can be implemented by homeowners, businesses and governments to enhance their disaster resilience. For more information, visit www.iclr.org.
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 799,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Learn more at www.accenture.com.
Source: Institute for Catastrophic Loss Reduction (ICLR)
Tags: Accenture, climate change, Institute for Catastrophic Loss Reduction (ICLR), launch
