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In the wake of disaster: The affordability of residential strata title insurance

21 March 2012

View the report as a single document - (PDF 1520KB)

View the report as separate downloadable parts:


Preliminary Pages	(PDF 127KB)

Chapter 1 Introduction	(PDF 332KB)
Relevant reviews and inquiries ACCC insurance market pricing reviews Western Australia strata management inquiry Natural Disaster Insurance Review Insurance Contracts Amendment Bill 2011 In the Wake of Disasters – Operation of the insurance industry during disaster events Scope of current inquiry Conduct of the inquiry Structure of the report

Chapter 2 Regulating, pricing and taxing risk -	(PDF 424KB)
Regulating insurance Requiring strata title insurance Body Corporate legislation in Queensland Premium increases Impact of increases Taxing hardship – GST and Stamp Duty Committee Comment

Chapter 3 Decreasing risk and increasing market competition	(PDF 451KB)
Assessing risk and setting premium prices The cost of reinsurance and capital adequacy The cost of claims The cost of natural peril Costs specific to strata title insurance Committee Comment Market involvement and competition Territory Insurance Office Australian Reinsurance Pool Corporation Committee Comment

Chapter 4 Improving transparency, flexibility and choice -	(PDF 483KB)
Commissions Insurance brokers Body Corporate managers Excess levels Cyclone excesses Claims history Building codes Full replacement cover Valuations Committee Comment Concluding remarks

Appendix A – List of Submissions	(PDF 121KB)

Appendix B – List of witnesses appearing at public hearings and community forums	(PDF 101KB)

Appendix C – List of exhibits	(PDF 60KB)