Authorities from both countries brace for further rainfall as rescue efforts continue and insurance providers expedite support for affected communities.
The new centre uses technology and collaborative insights in efforts to enhance disaster preparedness and customer support across Australia and New Zealand.
Researchers use neural networks to uncover complex links between weather patterns and crop losses and say new model could reduce farmers' insurance premiums by up to 37%.
Proposed reinsurance changes could have positive impact on carrier's credit profiles, but long-term impact likely to depend on factors which affect cedets' reinsurance appetite.
A study from the Swiss Re Institute says financial benefits of investing in flood adaptation measures can be up to ten times greater than the costs of rebuilding.
