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21 March 2012
© Commonwealth of Australia 2012 ISBN 978-0-642-79646-2 (Printed version) ISBN 978-0-642-79647-9 (HTML version)
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Relevant reviews and inquiriesACCC insurance market pricing reviewsWestern Australia strata management inquiry Natural Disaster Insurance ReviewInsurance Contracts Amendment Bill 2011In the Wake of Disasters – Operation of the insurance industry during disaster events Scope of current inquiry Conduct of the inquiryStructure of the report
Regulating insuranceRequiring strata title insurance Body Corporate legislation in Queensland Premium increasesImpact of increasesTaxing hardship – GST and Stamp DutyCommittee Comment
Assessing risk and setting premium pricesThe cost of reinsurance and capital adequacy The cost of claims The cost of natural perilCosts specific to strata title insurance Committee CommentMarket involvement and competition Territory Insurance OfficeAustralian Reinsurance Pool CorporationCommittee Comment
Commissions Insurance brokers Body Corporate managers Excess levelsCyclone excesses Claims historyBuilding codes Full replacement cover ValuationsCommittee CommentConcluding remarks
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