Published
On 20 December 2022, the ACCC released its first report as required under the Competition and Consumer (Price Monitoring—General Insurance Policies) Direction 2022.
This report follows the commencement of the cyclone and related flood damage reinsurance pool on 1 July 2022.
At the time of publishing the first report, no insurer was yet using the cyclone reinsurance pool. Accordingly, the first report focuses on the background and context to the pool’s introduction and the ACCC’s monitoring role. It sets out findings about current insurance premiums and costs, and about insurers’ views on the pool.
For more information view the Insurance monitoring page.