IAG welcomes $88.1m Government funding for critical research into bushfires and natural hazards
28 Jul 2020
IAG has welcomed the Australian Government’s announcement of $88.1m in funding for a new research centre for natural hazard resilience and disaster risk reduction
As an insurer, IAG, whose brands include NRMA Insurance, CGU and WFI, sees the impact of natural disasters on Australians firsthand and is there on the ground in the recovery phase to help its customers and communities rebuild their lives.
IAG Managing Director and CEO Peter Harmer said: “Research is critical to understanding the risks that Australian communities face. It allows us to better understand and plan for the critical steps we can take to make communities safer and more resilient to natural disasters.
“We welcome all forms of investment in disaster mitigation, including research, and commend the Australian Government on this long-term investment into research on natural hazards.
“We look forward to working with the new research centre and would welcome the opportunity to contribute to research projects,” Mr Harmer said.
IAG has been involved in many research projects and has contributed to scientific papers about natural hazards and disaster resilience, as part of its ongoing focus to better understand the risks that face Australian communities.
Last year IAG partnered with the National Center for Atmospheric Research (NCAR) to release the Severe Weather in a Changing Climate report.
The report includes the latest data on the state of the climate and predictions on future extreme weather events based on a range of warming global temperatures (up to 3°C from pre-industrial times).
IAG is a founding member of the Australian Business Roundtable for Disaster Resilience and Safer Communities.
The Roundtable has commissioned five reports since it was founded, which focus how to make Australian communities more resilient to natural disasters.
Visit the Roundtable website to view the reports.