First released via the ICA's fortnightly newsletter on Friday, 22 November 2024
The Insurance Council of Australia's CEO Andrew Hall sat down with Dr Daniel Mulino to discuss the findings and process of the House of Representatives Standing Committee on Economics inquiry into insurers' responses to 2022 major floods claims.
In this in-depth, 50-minute conversation, they explore key themes such as policyholders, pooling, and preparation, while also highlighting the devastating impact of the 2022 floods on communities, and the broader operating environment.
This review process has been critical for our industry, and the ICA strongly supports the Inquiry's recommendations which would put downward pressure on premiums and help safeguard communities from future extreme weather events. These include the removal of state insurance taxes, ongoing government investment in resilience and mitigation, and changes to land-use planning to prevent further development on floodplains.
This conversation offers valuable insight into how we can continue to improve outcomes for customers and the community.
🎥 Watch the full conversation here:
