“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 ACCC also reported that the cyclone pool has not yet resulted in a significant increase in insurer participation in northern Australia. Since the pool’s introduction, no new insurers have entered ...

Some Darwin home owners are experiencing significant increases to their insurance premiums, despite not making claims. Australian Competition Consumer Commission data shows both home and strata ...

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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.