Artwork

Content provided by Actuaries Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Actuaries Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Player FM - Aplicație Podcast
Treceți offline cu aplicația Player FM !

Home Insurance Affordability Update

11:09
 
Distribuie
 

Manage episode 374162856 series 2112798
Content provided by Actuaries Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Actuaries Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern.
To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. Home Insurance Affordability Update examines home insurance affordability in the context of all natural perils, and found 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% in the year to 31 March 2023. 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.
In this episode, lead author Sharanjit Paddam and Actuaries Institute Executive General Manager of Public Policy and Professionalism explore:
  • The meaning of extreme affordability pressure and its drivers.
  • Affordability by local government area (LGA).
  • How the different types of natural perils impact insurance affordability.
  • The expected impact of the Cyclone Reinsurance Pool on insurance affordability.
  continue reading

131 episoade

Artwork
iconDistribuie
 
Manage episode 374162856 series 2112798
Content provided by Actuaries Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Actuaries Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern.
To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. Home Insurance Affordability Update examines home insurance affordability in the context of all natural perils, and found 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% in the year to 31 March 2023. 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.
In this episode, lead author Sharanjit Paddam and Actuaries Institute Executive General Manager of Public Policy and Professionalism explore:
  • The meaning of extreme affordability pressure and its drivers.
  • Affordability by local government area (LGA).
  • How the different types of natural perils impact insurance affordability.
  • The expected impact of the Cyclone Reinsurance Pool on insurance affordability.
  continue reading

131 episoade

Alla avsnitt

×
 
Loading …

Bun venit la Player FM!

Player FM scanează web-ul pentru podcast-uri de înaltă calitate pentru a vă putea bucura acum. Este cea mai bună aplicație pentru podcast și funcționează pe Android, iPhone și pe web. Înscrieți-vă pentru a sincroniza abonamentele pe toate dispozitivele.

 

Ghid rapid de referință