Insurance

ALTERNATIVE LABELS
General insurance
Non-life insurance
Property insurance


Report

The Australian superannuation industry

Initially only available to employees in certain industries and professions, superannuation coverage is now more or less universal – a consequence of decades of ongoing reform. This resources provides an overview of Australia's superannuation system.
Report

The cost of extreme weather

Climate change is driving worsening destructive extreme weather events in a range of different ways around Australia - from more severe bushfire seasons and intense heatwaves to more powerful cyclones, flash flooding and droughts. This report argues that whether insurance is paying for it, or...
Report

Modelling it all: secondary perils in a warming world

This report seeks to understand how the insurance industry can refine the way it defines, measures and underwrites secondary perils amidst an evolving climate risk landscape. The report also outlines key issues the insurance sector faces regarding secondary perils and the surrounding discourse, and identifies...
Report

Uninsurable nation: Australia's most climate-vulnerable places

This report outlines the top 20 most at-risk federal electorates to climate change-related extreme weather events, providing a brief profile of the top 10. The report also outlines the most at risk electorates for each state and territory.
Report

The coming deluge: scenario analysis for underwriting in a changing climate

This paper considers the options, implications and communication of scenario analysis for underwriting non-life insurance. It raises awareness of different natural catastrophe modelling approaches and highlights the valuable insights that can be generated across the insurance business
Discussion paper

Proposed review framework for the list of occupational diseases in the Accident Compensation Act 2001

This discussion document provides a review of Schedule 2 of the New Zealand Accident Compensation Act 2001. The New Zealand Government welcomes views on the proposed framework, alternative options and/or any other relevant points.
Discussion paper

A New Zealand income insurance scheme: a discussion document

This discussion document proposes a new way of protecting workers and the economy - a New Zealand income insurance scheme.
Report

Consumer Data Right - strategic assessment: outcomes

This report identifies ‘Open Finance’ as the next priority area to expand Consumer Data Rights (CDR).
Discussion paper

Unemployment insurance: a recipe for more unemployment?

This document considers some of the costs and benefits of introducing unemployment insurance (UI) to New Zealand. Common features of UI schemes and how they differ across countries are also examined.
Report

Mental health discrimination in insurance

The PIAC’s Mental Health and Insurance Project has been tackling systemic problems in the way insurers design, price and offer policies and assess claims to the detriment of people with past or current mental health conditions. This report outlines the progress that has been made...
Report

The perceived value of insurance for low-income households

This report provides an extensive analysis of how low-income households both value insurance and what they consider when making their insurance decisions. The findings point to both practical barriers, such as cost, for low-income households, as well as attitudinal differences in the perception of how...
Report

Insurance conduct and culture: fire and general insurers update

This report summarises disappointing findings from an evaluation of New Zealand fire and general insurers’ responses to the Life Insurer Conduct and Culture review undertaken by the Financial Markets Authority and the Reserve Bank of New Zealand in 2019.
Report

The benefits of professional standards schemes – limitation of liability and consumer protection measures

This report examines and evidences the benefits delivered by professional standards schemes, using quantitative and qualitative measures. The report shows that professional standards schemes help improve risk management in the professions, which is to the benefit of Australian consumers, scheme participants and insurers.
Report

Policy opportunities on the road to net zero underwriting

This document explores the role of insurance underwriting in meeting global climate goals, supporting the transition and enabling societal change and resilience.
Report

The ClimateWise Principles independent review 2020: defining paths for resilience

This document reports on the disclosure and preparedness of climate-related risk in 2020 for many large insurance companies.
Report

Northern Australia insurance inquiry: final report

In 2017, the Australian government directed the ACCC to conduct a wide-ranging inquiry into the supply of residential building (home), contents and strata insurance in northern Australia. This final report brings together all of the analysis and recommendations made throughout the three year inquiry, setting...
Technical report

Low-income households and insurance patterns

This report provides an analysis of 20,405 No Interest Loans Scheme (NILS) applicants with Good Shepherd Australia New Zealand, concerning their rates of insurance and average expenditure for policies.
Report

Insurance Inquiry report: December 2020

This inquiry has found widespread market failure in regards to the availability and affordability of essential small business insurance products.
Report

Business insurance: unaffordable or unavailable?

Doing business involves navigating a myriad of risks which makes insurance (compulsory and non-compulsory) an essential element of a successful business. This report finds that insurance is a pain point for many Australian businesses with most problems the result of complex global factors, rather than...
Briefing paper

AI and personal insurance: snapshot paper

This paper examines the potential use cases of AI across the insurance industry, compares these with the reality of how AI is used today, and explores the arguments for and against such applications, looking in particular at the ethical concerns associated with data collection and...