The Insurance Council of Australia’s third annual Insurance Catastrophe Resilience Report, released on 13 September, uses insurer data and insights to review the last 12 months of extreme weather events and advocate for changes to lessen the impact of future events.
With the report covering:
- Insurance Catastrophes and Significant Events in the past 12 months
- New data and analysis that 'normalises' the losses of past insurance catastrophes to account for inflation, changes in property numbers and values, and stricter building codes
- Our industry's most pressing issue - insurance affordability and availability - demonstrating a clear link between risks and costs.
- Policy recommendations to make Australia more resilient in the face of worsening extreme weather.