Taking on fire risk in Western Canada with data analyticsBy Arindam Samanta | November 7, 2018
British Columbia’s worst wildfire season on record has vividly demonstrated Canadian insurers’ need for access to solutions that help assess wildfire risk to properties.
Large-scale evacuations reported
Driven by extreme drought conditions, 2,077 wildfires have burned more than 3.3 million acres during the 2018 season, according to the BC Wildfire Service. Large-scale evacuations reportedly emptied entire cities, impacting some 25,000 residents, with 83 percent of British Columbia designated as “very dry” or “extremely dry.”
Verisk’s FireLine® wildfire risk management service continues to respond to insurers’ needs in Canada’s western provinces, specifically Alberta and British Columbia. Among the major fires tracked in 2018 was the Shovel Lake fire, which burned nearly 228,000 acres from late July to early September.
FireLine categorized more than 95 percent of the Shovel Lake fire area as high or extreme risk, with more than 90 percent of the area covered in medium or heavy fuels. Such data provided to customers both as an underwriting tool and while fires are active, serves multiple functions: Among other things, it can be useful for insurance exposure management and to understand where and potentially how many claims may result from a fire, preparing insurers to help those affected.
At-risk locations from prior wildfire events
FireLine information was also very effective in identifying at-risk locations burned during prior historic events, such as the 2016 Fort McMurray fire in Alberta. In that instance, with perimeter information based on available satellite imagery, FireLine tracked and analyzed data that covered approximately 790,000 acres, not including other fires within the Fort McMurray area complex.
FireLine uses advanced data and analytics to assess exposure to wildfire risk at individual property locations. This includes information about wildland vegetation surrounding a property, grade of land upon which the property is built, and road access (identifying potential barriers for firefighters accessing a fire).