Claims and losses, Market report, Nat Cat, News, Non-life

Darwin’s Cyclone Tracy and 1999 Sydney Hailstorm would cause AU$16bn in insured losses today

New data shows a repeat of historic weather events would break records and be far costlier; the Insurance Council of Australia is urging for more to be done.

Editorial team

September 13, 2023

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3 min read

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

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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.

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