Insurance premiums in northern Australia remain high ahead of insurers joining reinsurance pool
20/12/2022
Source: accc.gov.au
Insurance affordability remains a significant issue in northern Australia and other high cyclone risk areas, according to the ACCC’s first insurance monitoring report.
The report finds that policyholders in those regions face much higher premiums on average, and that those premiums have increased much more quickly than for the rest of the country over the past decade.