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Property Insurance Affordability: Challenges and Potential Solutions

Property Insurance Affordability: Challenges and Potential Solutions

Update: 2020-11-29
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TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=04b3b5d3-3045-4017-95a9-6a43c7a2c482

DESCRIPTION: Affordability of property insurance is a complex issue that remains a challenge for many stakeholders, notwithstanding numerous inquiries over at least the past decade. The ACCC’s three-year Northern Australia Insurance Inquiry is the latest and about to wrap up with the final report to be delivered to the Treasurer.

It is against this backdrop, with an overlay of a longer-term overall increase in climate‑related risks, that this latest Actuaries Institute Research Paper, Property insurance affordability: Challenges and potential solutions, has been launched.

In this episode of the Actuaries Institute podcast, authors Rade Musulin and Kate Lyons join Vanessa Beenders to discuss the key points and recommendations of the research.

Download Paper: https://actuaries.asn.au/Library/Miscellaneous/2020/GIRESEARCHPAPER.pdf

Media Release: https://www.actuaries.asn.au/Library/MediaRelease/2020/MediaReleasePropertyInsuranceAffordability301120Final.pdf

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As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.
This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.

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Property Insurance Affordability: Challenges and Potential Solutions

Property Insurance Affordability: Challenges and Potential Solutions

Actuaries Institute