Australia has significant exposure to natural hazards. Achieving the optimal balance between mitigation funding and post event funding, and assessing the appropriate sources and sharing of the necessary funding, involve complex issues. In recent years improvements in the available data have made it possible to better identify high risk and low risk areas. While this has benefits, it has also led to affordability concerns, with some consumers in high risk areas unable to cover the high costs now being charged by insurers.
In this context it is appropriate to ask what is the role of different levels of government (Federal, State and Local)? What is the role of insurers? This conference aims to consider these questions and offer views on alternative approaches to the solution to those currently in place.