The Natural Disaster Insurance Review released an Issues Paper and identified three alternative models to improve access to flood cover for home insurance. It also considered whether any new arrangements for flood insurance for homes might be extended to contents, strata title buildings and small business.
In crafting the response to the Issues Paper, ACFS hosted a discussion panel, Disaster Insurance Inquiry Twilight Forum, with the following speakers and panellists:
- Mr John Trowbridge (NDIR Panel Chairman and APRA)
- Prof John Freebairn (University of Melbourne)
- Nicholas Hossack, (Australian Bankers’ Association)
- Prof Bob Officer (Acorn Capital)
- Mike Vine (Standard & Poor’s)
- Moderater: Prof Kevin Davis (ACFS)
The discussion was well rounded and frank with panellists and members of the floor with opinions from different aspects of the issue. Forum participants spanned a wide range of backgrounds and organisations such as universities, regulatory departments, key industry bodies, insurance and financial services corporations, as well as NPOs. ACFS was able to extract insights from the forum into a submission to NDIR.
This Submission was prepared by Kevin Davis, Research Director, Australian Centre for Financial Studies and Professor of Finance, University of Melbourne.
Professor Kevin Davis
Research Director, Australian Centre for Financial Studies and
Professor of Finance, University of Melbourne
W: +61 3 9666 1050