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

(volume 2)

21 March 2012

© Commonwealth of Australia 2012
ISBN 978-0-642-79646-2 (Printed version)
ISBN 978-0-642-79647-9 (HTML version)

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)

Insurance brokers
Body Corporate managers
Excess levels
Cyclone excesses
Claims history
Building codes
Full replacement cover
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)

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