Mar 2019

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CATs back in the spotlight

Source: Asia Insurance Review | Apr 2013

With recurrent flooding and the related nightmares in the country, the Australian government is investing US$102 million to reduce the flood risks and has set up a council to manage these flood threats. While this is good news, more needs to be done as the industry is still challenged on several fronts from persistent low interest rates, increased regulatory oversight, over capacity and talent shortage.

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