Australia: Non-life insurance giant report calls for disaster risk to be included in land planning decisions
Source: Asia Insurance Review | Jan 2024
IAG, Australia’s largest general insurer, has released a report calling for disaster resilience to be a greater consideration in all land planning decisions to reduce disaster risk in communities across the country and to keep insurance affordable.
The ‘Addressing Resilience in Land Use Planning’ report, commissioned by IAG and undertaken by consultancy firm AECOM Australia, identifies six challenges facing Australia’s land planning system and makes 10 recommendations to support decision-makers in developing more robust and resilient land use strategies.
The report highlighted that Australia’s current land planning system doesn’t adequately consider natural disaster risk or future climate risk and recommends that needs to change to protect communities in the future.
Consolidating expert viewpoints from across the land planning system, including all levels of government, industry and property developers, the report says Australia is reaching a tipping point where the capacity of communities and systems to be resilient to the level of risk they face is diminished. A