- • COVID-19
- • Issues
- • Submissions
- • Industry In Focus
- • Reports
- • Independent strata study
- • Best Practice Workers Compensation Scheme
- • 2015 non insurance in the small to medium size enterprise sector
- • Analysis of demand for home and contents insurance by Dr. Tooth
- • Impact of Removing Stamp Duties on Insurance
- • Too Long; Didn’t Read – Enhancing General Insurance Disclosure
- • QLD Floods
- • Non-Insurance
- • Non-Insurance in the Small to Medium Sized Enterprise Sector
- • National Disability Insurance Scheme (NDIS): Funding the Unfunded Commitment
- • Consumer research on general insurance product disclosures
- • Property based funding options for the NSW Fire Services Levy
Independent strata study
The Insurance Council of Australia engaged the Cyclone Testing Station to conduct a review of insurance claims on strata properties that resulted from recent cyclones. The aim of this study was to identify factors that may be contributing to insurable losses. By increasing the awareness of all parties, including insurers, property owners and strata managers, to some of the key factors that affect losses, it may be possible to focus on opportunities to reduce risk and limit premiums. This pilot study has been based on Terms of Reference developed by the ICA Strata Insurance Working Group, as included within the report. The report also notes issues that are beyond the scope of the report.
Download the report by James Cook University’s Cyclone Testing Station here
