Submission to Senate Inquiry into current and future impacts of climate change
08 Sep 2017
IAG appreciates the opportunity to make a submission to the Senate Inquiry into current and future impacts of climate change on housing, buildings and infrastructure.
IAG’s in-house natural perils team enables us to consider climate risk and extreme weather events as part of our core business. As a result, we can responsibly signal and price the changing risk profile now and as we begin to see climate-related impacts.
Depending on the mitigations in place, climate change has the potential for significant impacts on the cost of insurance. We see climate change as a financial, ethical, reputational and strategic issue.