0.25 CIP Points
Insurance Catastrophe Resilience Report 2023-24
Once again, Australia’s 2023 summer months saw weather events that significantly disrupted people and local communities. The Insurance Catastrophe Resilience Report 2023–24 examines a catastrophe season that was marked by four major weather events: a cyclone, and three storms with...
11 May 2026
1 min read
Once again, Australia’s 2023 summer months saw weather events that significantly disrupted people and local communities.
The Insurance Catastrophe Resilience Report 2023–24 examines a catastrophe season that was marked by four major weather events: a cyclone, and three storms with significant flooding; collectively these events led to almost 157,000 claims and $2.2 billion in insured losses.
This Report also reflects on the year’s broader challenges and opportunities, including the Parliamentary Inquiry into the 2022 floods and the ongoing need for policy and regulatory changes to improve insurance outcomes for Australian communities.
It also describes changes made by insurers in response to recommendations from the Deloitte review, which was commissioned by the Insurance Council into insurers’ response to Cat 221 floods in 2022.
Download the report
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