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Catastrophe 223: Victorian, NSW and Tasmanian floods

Event background

On Wednesday, 19 October 2022 the Insurance Council of Australia escalated its significant event declaration to an Insurance Catastrophe for regions of Victoria, Tasmania and New South Wales impacted by severe weather and flooding that has occurred since 12 October 2022.

Catastrophe 223: Victorian, NSW and Tasmanian floods

Claims count

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22.7

Thousand

Claims incurred

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841

MILLION

Outstanding

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97

MILLION

Close rate

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93.5

PERCENT

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* As at April 2024

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