“Our analysis shows the pool is lowering premiums of policyholders who live in areas with higher cyclone risk, as it was designed to do. However for many consumers in northern Australia, high cyclone ...

The Australian Government’s cyclone reinsurance pool has lowered insurance premiums for customers facing medium to high risk of cyclone, the ACCC’s fourth insurance monitoring report has found.

Experts say the cyclone reinsurance pool isn’t working fast enough, and changes are needed to rescue the region from extreme costs. See how. The cyclone pool commenced operations on July 1, 2022, ...