2026年6月保险业监测报告

Fifth report following theintroduction of a cyclone andcyclone-related flood damagereinsurance pool June 2026 Acknowledgment of country The ACCC acknowledges the traditional owners and custodians of Country throughoutAustralia and recognises their continuing connection to the land, sea and community. We payour respects to them and their cultures; and to their Elders past, present and future. Australian Competition and Consumer Commission Land of the Ngunnawal people23 Marcus Clarke Street, Canberra, Australian Capital Territory, 2601 © Commonwealth of Australia 2026 This work is copyright. In addition to any use permitted under theCopyright Act 1968, all material contained within this work is provided under aCreative Commons Attribution 4.0 Australia licence, with the exception of: ƒthe Commonwealth Coat of Arms ƒthe ACCC and AER logosƒany illustration, diagram, photograph or graphic over which the Australian Competition and Consumer Commission does not hold copyright, butwhich may be part of or contained within this publication. Requests and inquiries concerning reproduction and rights should be addressed to the General Manager, Strategic Communications, ACCC,GPO Box 3131, Canberra ACT 2601. Important notice The information in this publication is for general guidance only. It does not constitute legal or other professional advice, and should not be reliedon as a statement of the law in any jurisdiction. Because it is intended only as a general guide, it may contain generalisations. You should obtainprofessional advice if you have any specific concern. The ACCC has made every reasonable effort to provide current and accurate information, but it does not make any guarantees regarding theaccuracy, currency or completeness of that information. Parties who wish to re-publish or otherwise use the information in this publication must check this information for currency and accuracy prior topublication. This should be done prior to each publication edition, as ACCC guidance and relevant transitional legislation frequently change. Anyqueries parties have should be addressed to the General Manager, Strategic Communications, ACCC, GPO Box 3131, Canberra ACT 2601. ACCC 06/26_26-15 www.accc.gov.au Contents 3.Pass-through263.1Insurers continue to pass through savings from the pool to policyholders283.2Timing of pool implementation and pass-through30 Executive summary In 2022, the ACCC was directed by the government to monitor the prices, costs, and profits of home,contents, strata and some small business insurance products, before and after the introduction of thecyclone reinsurance pool. Our role has been to monitor and collect data to assess whether savingsare passed through to policyholders and the pool is delivering on its intended outcomes. This fifthinsurance monitoring report concludes the ACCC’s role. The pool was announced in 2021 against the background of concerns about the acute insuranceaffordability pressures facing consumers in northern Australia. Access to affordable insurance –that is, insurance which is priced at a level that consumers can reasonably buy – is vital to financialsecurity and resilience. The pool is designed to lower insurance premiums for households and small businesses with highcyclone and cyclone-related flood damage risk by reducing the cost of cyclone-related reinsurance,which is a significant cost component of the premiums for these policies. The ACCC has found thatthe pool has moderated rises in insurance premiums for households and small businesses facingmedium to high risk of cyclone, which account for around 2% of policies nationally. However, wecontinue to hear concerns about the affordability of insurance. The pool is also intended to encourage more insurers to participate in northern Australianinsurance markets by providing a stable and lower cost means for insurers to manage their cyclonerisk exposure. We have observed some improvements in the availability of insurance for someconsumers, however insurers perceive a range of barriers to expanding their participation in theseareas which are not limited to the cyclone risk addressed by the pool. Further, over time, the pool also seeks to maintain incentives for policyholders to undertake measuresat their property to reduce the risk of cyclone and related flood damage. The pool has led to moreinsurers recognising cyclone risk mitigation measures implemented by policyholders, but someinsurers are yet to implement mitigation frameworks. Through the 5 monitoring reports the ACCC has published, we have delivered a data-informedevidence base to inform the government about how savings from the pool are being passed throughto policyholders and whether the pool is delivering on its intended outcomes. With each monitoring report, we have been able to review different elements of this policyintervention during phases of its transition and assess its effects on consumers. At the conclusionof our direction, we consi