Claims and losses, Nat Cat, Nat Cat events, News, Non-life

Australia’s Christmas Storms top AU$1.2bn in industry losses: ICA

Christmas storms have led to over 97,000 claims with half now finalised, according to the Council's latest update.

Editorial team

June 12, 2024

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2 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.