The decision follows opposition from Queensland councils, with further changes aimed at preserving access to recovery assistance and easing funding eligibility.
The trade bodies, whose members represent around US$200bn in gross written premiums, will share evidence on resilience, regulation and extreme weather, alongside emerging risks such as cyber and AI.
Insurers see prediction markets as a source of data and a possible hedging tool rather than a rival, but regulation, settlement and data integrity remain obstacles in APAC.
