Affordability

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool

Two years on, key points of discussion remain for Australia's Cyclone Reinsurance Pool

September 6 2024

Pool achieves broad coverage, but debate about coverage periods, loss types continue, and exact consumer savings are hard to quantify, says Finity.

number-of-insurance-affordability-stressed-households-in-australia-rose-30-in-last-year-actuaries-institute

Number of insurance affordability-stressed households rises 30%: Australia's Actuaries Institute

August 27 2024

New report warns that the issue of affordability is bigger than insurance and could be a problem for lenders, regulators, and governments.

NSW budget allocates AU$5.7bn for flood recovery and resilience

June 18 2024

Budget includes AU$5.7bn (US$3.77bn) for flood recovery, housing, and infrastructure projects over the next four years.

australian-government-provides-details-on-new-insurance-affordability-and-natural-hazards-taskforce

Australian Government outlines details of new insurance affordability and natural hazards taskforce

June 4 2024

Announced as part of the 2024-25 budget, the new taskforce will adopt a cross-government approach to reducing impacts of nat cats on the community.

Australian Senate launches new inquiry into insurance affordability

May 20 2024

Inquiry to investigate climate risk's impact on insurance premiums and affordability.

australias-cyclone-reinsurance-pool-achieves-significant-coverage-but-still-faces-challenges-in-lowering-premiums

Cyclone Pool achieves broad coverage but some questions remain over premium reductions

May 9 2024

Pool reaches 95% coverage of eligible risks; however, data quoted by ARPC on premium reductions appears to conflict with findings from the ACCC and ACIL.

RBNZ warns insurance affordability and capacity are under threat in nat cat prone areas

April 30 2024

Industry making 'rational' move to risk-based pricing, but collective action needed to help maintain accessibility for for those most vulnerable.

victorian-government-pressed-to-provide-insurance-relief-for-live-music-venues

Victorian Greens urge state government support for live music venue insurance crisis

April 19 2024

Greens urge government intervention to help combat soaring costs, which threaten Melbourne's live music scene.

JAVLN survey identifies insurance affordability as top challenge for Australian brokers in 2024

March 21 2024

70% of brokers also report spending over three hours a day on admin.

APRA executive urges transparency, trust, and collective action to address insurance affordability

March 18 2024

Sean Carmody acknowledged that reducing Australia's protection gap is a 'wicked problem', but he encouraged insurers to take ownership and find opportunities to make a difference.

Insurers seek to balance short-term and long-term fixes to Australia’s affordability crisis

March 12 2024

Long-term solutions can be costly but quick fixes should not be allowed to eclipse them.

APRA Chair highlights importance of insurance affordability and accessibility amid rising risks

February 15 2024

John Lonsdale was speaking to the Senate Economics Legislation Committee about APRA's interim supervision and policy priorities.

Previous 1 2 3 4 Next

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September