ISSUES AND INSIGHTS

Flood policy response must go beyond insurance

In this opinion piece, IAG CEO, Mike Wilkins, says the destruction caused by the major flood events around Australia during January and February provided us all with a stark reminder of the crucial role insurance plays in economic recovery. And the debate which has followed is providing us with a once in a generation opportunity – to build a sustainable, community-wide solution to the issue of flood risk. Read more

IAG’s position on putting a price on carbon in Australia

IAG supports a price on carbon to act as a signal to reduce carbon emissions, as it will provide more certainty for business and the community. In particular, we welcome the proposed transition to a market-based emissions trading scheme from 1 July 2015. Read more

Building Australia’s resilience to natural disaster

IAG Managing Director and CEO, Mike Wilkins, has today given a speech to the Committee for Economic Development of Australia (CEDA) to encourage greater focus on measures to build resilience to natural disaster. He believes Australia needs a co-ordinated approach that involves building a greater self-awareness of individual risk, a more efficient distribution of risk via insurance and adapting our built environment to reduce the impact of events when they do occur. Read the speech

Understanding insurance

Insurance plays an important part in our lives, but it can be difficult to understand how premiums are costed, how insurance companies rate risk and how to reduce the chance of accidents happening in the home, on the road and in the workplace.

IAG has developed a presentation to help increase broader understanding of insurance in the community. The presentation outlines the basics of insurance, capital management and pricing, and key drivers in an insurer's financials.