General Insurance


The Institute’s publications analyse key issues that affect the availability of various types of general insurance as a source of resilience for individuals, businesses, communities and society to protect against, and recover from, adverse events.

Most recent publications

Report 1

Report 2

This Report explores the context of all natural perils and discovered that the proportion of “affordability stressed” households – those that spend more than one month’s worth of their gross annual income on home insurance – rose from 10 to 12 per cent. These households spend on average 8.8 weeks of their income on home insurance, which is more than seven times what the average household spends.
This Report examines riverine flood risk alone and outlines a package of short, medium, and long-term policy measures that should be considered by governments, insurers, and other stakeholders to reduce affordability stress for households who are also facing the highest risk.
Home Insurance Affordability and Socioeconmic Equity in a Changing Climate
Cyber Risk and the Role of Insurance

This Paper launches the Australian Actuaries Home Insurance Affordability (AAHIA) Index, which measures how many days of income it takes a household to pay a home insurance premium - and showcases how actuaries use data for good, and their expertise on climate change issues.
This Report notes that while the first line of defence against cyber risk will always be good cyber hygiene and security, cyber insurance is an important second line of defence.

Other publications

  • Low Probability, High Impact Economic Scenarios for Australia: The aim of this Paper, through a collaboration between the Actuaries Institute and independent economist Michael Blythe, is to share insights about scenario analysis and identify some plausible alternative futures that actuaries could consider as part of their professional work.
  • Providing Better Support for Children with Autism and Developmental DelayThe latest Dialogue Paper explores the National Disability Insurance Scheme (NDIS) within the context of support for children with autism and developmental delay and outlines three measures for consideration by the NDIS Independent Review Panel ahead of its final findings in October.
  • Artificial Intelligence and Discrimination in Insurance Pricing and UnderwritingDeveloped with the Australian Human Rights Commission, this resource provides guidance on complying with federal anti-discrimination legislation in relation to use of artificial intelligence in insurance pricing and underwriting decisions.
  • An Introduction to SpaceAs our world gets more complex and reliant on space technology, the risks of this business increase and must be managed, and therefore actuarial skills will be valuable.
  • The Special Needs of Financial Services BoardsTwo actuaries have developed a skill and capability checklist to help Australian bank and insurance companies appoint Directors with the right qualifications to prevent misconduct uncovered by the Hayne Royal Commission.
  • The Rise of the Gig Economy and its Impact on the Australian WorkforceThe gig workforce has grown rapidly in recent years but knowledge of the segment is limited and questions are emerging about its impact on other sectors and gig workers. Quantium’s innovative approach involved analysing bank transactional data that gives a unique insight into the sector from a worker and consumer perspective.
  • Mental Health and InsuranceThis Paper aims to stimulate discussion about the way the insurance sector and insurance products interact with people with mental health conditions.
  • Property Insurance Affordability - Challenges and Potential Solutions: Policymakers are looking for better ways ahead, as evidenced by the Australian Competition and Consumer Commission inquiry and the Royal Commission into natural disasters. This Paper aims to help policymakers better understand affordability issues and considerations with potential solutions.
  • Climate Risk Disclosure – Financial Institutions Feel the HeatSharanjit Paddam and Stephanie Wong look at how Australia's regulators and investors may force financial institutions to adopt international risk measures to accurately assess, report and manage the impacts of climate change.
  • When Sydney Becomes an Inland Sea, We’ll Need the PoolThe underlying cause of potential flood losses, inappropriate development, needs to be addressed as a priority. Government needs to mitigate the risk of flood through measures such as revising current building codes, building or improving dams and levees, re-location of high risk properties, and renovations to existing buildings and infrastructure. Every dollar spent in mitigation can save many dollars in future loss payments.

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