Tag: parametric insurance
-
Australia Faces Soaring Extreme Weather Losses: Why Insurance and Resilience Must Evolve
Australia’s rising climate bill: a global pattern with local consequences New data from the Insurance Council of Australia (ICA) show that Australia sits near the top of the world for per‑capita losses from extreme weather. Over the past five decades, inflation‑adjusted costs from floods, bushfires, storms and extreme cold have climbed dramatically, positioning Australia behind…
-
Australia’s Weather Toll Rises: Rethinking Insurance for a Warming Future
Australia faces some of the world’s highest climate losses New data from the Insurance Council of Australia (ICA) shows that every decade since 1980 has brought higher inflation-adjusted losses from floods, bushfires, storms and extreme cold. When compared with five other developed nations over the last five decades, Australia ranks near the top for per…
-
Australia’s Extreme Weather Losses Rise: What It Means for Insurance and Resilience
Australia’s Extreme Weather Losses Are Rising New data from the Insurance Council of Australia (ICA) shows that Australia has some of the highest per‑capita losses from natural catastrophes in the world. Compared with five other developed nations over the past five decades, Australia’s inflation-adjusted costs from floods, bushfires, storms and extreme cold are climbing, driven…