Got An Idea?

Insurance Council of Australia Prize for a More Resilient Australia

The Insurance Council of Australia is the representative body of the general insurance industry in Australia. Together with its Members, the Insurance Council is looking for creative ideas which demonstrate measures or concepts that improve an individual’s, business’ or community’s ability to withstand and recover from extreme weather events.

The efforts of the Insurance Council and its Members to promote and raise awareness of the need for greater community resilience are highlighted by our Resilience Policy, Increasing Community Resilience to Extreme Weather Events. Building on this work, the Insurance Council is now calling upon the Australian community to submit concepts, research, products, actions and/or initiatives on how to build this resilience.

Assessment Criteria

All entries will be assessed by the following criteria:

· Demonstrated benefits of improving resilience in the community; and

· The costs and ease of implementation; and

· The innovative qualities of the proposal and its potential for application for a business, individual or a community as a whole; and

· The potential impacts on the regulatory framework in Australia.

Six Key Ingredients of Resilience

The six key ingredients of resilience as defined in the Insurance Council of Australia’s Resilience Policy are:

1. Community understanding of weather related risks

2. Risk appropriate land use planning and zoning

3. Risk appropriate mitigation measures

4. Risk appropriate property protection standards

5. Financial risk mitigation in the community

6. Community emergency and recovery planning

Entries closed as at 5pm Wednesday 15 April 2010

Climate Change - Improving Community Resilience to Extreme Weather Events

Submissions should address each of the assessment criteria and meet one or more of the six key ingredients of Resilience defined in the Insurance Council’s Resilience Policy.

A panel of risk experts appointed by the Insurance Council will assess each entry, with a winner to be announced later this year.

The winning entry will be awarded a cash prize of $50,000.

All enquiries can be submitted at resilience@insurancecouncil.com.au and must be lodged no later than 15 April 2010. Please attach a pdf copy of your entry and provide us with your full contact details.

Entries are open to all Australian residents, companies and government agencies.