This paper examines the primary challenges and hazards facing the Australian Insurance industry by exploring the past and current state of disaster response options. Comparisons are drawn with other international natural disaster insurance programs, such as Japan, Spain, France, United States, New Zealand, and Turkey. The report assesses the feasibility of establishing a national natural disaster program in order to address the deficiencies in the existing private insurance market.
This research was undertaken as part of the ACFS Commissioned Paper Series.
The presentation was delivered to the ACFS Insurance Research Reference Group.