Climate Insurance

The partnership is aimed to reduce the protection gap for vulnerable communities by providing access to insurance solutions.

Insurance and banking leaders join forces to tackle climate change, emphasising the need for sustainable investments and inclusive transition strategies.

Insurers have already closed 28% of claims, paying out AU$171m

The insurer said it aims to gain a comprehensive understanding of risks across regions and perils. 

The insurance industry’s snail pace in providing capacity for RE projects, the committee aims to jumpstart the progress.

This could help mitigate risk following natural calamities.