With a more holistic view of costs and insurance gaps, communities will be better positioned to evaluate and advance resilience strategies
10/22/2025 BOSTON, MA TSX, NYSE:STN
InnSure, a nonprofit reimagining climate change-related insurance and risk financing, and Stantec, a global leader in sustainable design and engineering, today announced a partnership to help communities implement solutions that mitigate the impacts of extreme weather events and their accompanying costs.
The insurance protection gap—the difference between total economic losses from disasters and the portion covered by insurance—is expected to grow as climate change continues to drive extreme weather events like floods, hurricanes, and wildfires. Recent research from insurance risk advisor Aon estimated US$223 billion in uninsured losses in 2024. In recognition of this challenge, InnSure and Stantec will collaborate on insurability planning and community resilience initiatives.
This partnership will utilize a Total Cost of Risk (TCOR) Simulator developed on a framework that integrates the total risk of all impacted parties to evaluate and design targeted solutions. This tool quantifies community costs across three categories—economic loss, climate adaptation, and insurance—to help inform community insurance programs for areas at risk from major weather events. It also enables communities to better evaluate and advance resilience strategies that align with their economic development and planning priorities.
“More and more communities we work with are asking us questions about insurability and how investments in physical resilience can be captured in local insurance markets,” said Dean Staples, director of Stantec’s Innovative Business Opportunities program. “Insurability planning goes hand in hand with our community development and resilience engineering efforts. This partnership with InnSure is an opportunity to enhance the value that we are bringing to communities and provide them with a more holistic approach to planning.”
“We fit very nicely into Stantec’s overall planning and implementation structure, and they fit strategically into how we are bringing insurability planning into communities,” said Charlie Sidoti, executive director of InnSure. “Insurability planning needs to be part of resilient infrastructure and economic development planning, and we are excited to bring our collective expertise and relationships to this partnership in order to help communities streamline that process.”
InnSure and Stantec first partnered with economic development and public policy consulting firm HR&A Advisors to win the RISE Riverine Community Resilience Challenge with their TCOR Simulator and Community Insurance Program. This win underscored the importance of addressing insurance gaps in communities, driving the two organizations to solidify plans for a longer-term partnership. Through this collaborative partnership, the firms will explore additional opportunities to reach more vulnerable communities impacted by extreme weather perils, the evolving insurance gap, and changes in funding and policy mechanisms.
About InnSure
InnSure is a nonprofit innovation group reimagining insurance and risk financing. We catalyze novel solutions that address climate change risk challenges and accelerate the financing of energy transition technologies. Through a comprehensive set of tools and offerings, including ecosystem development and engagement, consulting support services, insurability planning and demonstration projects, and incubation and acceleration programs, InnSure brings together innovators from inside and outside of the insurance industry to contribute to a systemic rethinking of how insurance is financing and delivered. To learn more, visit innsure.org or follow InnSure on LinkedIn.
About Stantec
Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before.
We are a global leader in sustainable architecture, engineering, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more.
Today’s communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and interested parties drive us to think beyond what’s previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.
We are designers, engineers, scientists, project managers, and strategic advisors. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what’s possible.
Stantec trades on the TSX and the NYSE under the symbol STN.
Media Contact
Trevor Eckart
Stantec Media Relations
Ph: (215) 665-7187
trevor.eckart@stantec.com
