Role statement - Insurance Council of Australia Ltd

The Insurance Council of Australia (ICA) is the industry body for the general insurance industry in Australia. 

 

Activity

Critical task alignment / activity source

Mitigation

 

The ICA assists State and Local Governments in respect to a wide range of disaster risk mitigation activities. Insurance industry data can assist Governments in promoting mitigation initiatives by modelling potential insurance premium reductions for constituents as a result of investment in mitigation

4.4, 4.6

   

Response (including Relief)

 

The ICA assists Local and State Governments during emergencies by co-ordinating the insurance industry’s disaster response and recovery efforts via the industry’s Catastrophe Taskforce. The ICA also provides industry with situational awareness during emergencies to ensure insurers can respond quickly and effectively in meeting the needs of governments and impacted communities

3.2, 4.5

   

Recovery

 

ICA provides support to Local and State Government in its role in:

 

●  briefing governments on insurance coverage, claims lodgement and estimated economic impact of disaster events

4.5, 4.6, 17.3

   

●  co-ordinating insurance damage assessments and expediting claims processing in order for insured residents and businesses to access financial and accommodation benefits

11.2, 11.3

   

●  participating in State, Regional and Local Recovery committees to advise on insurance issues and to expedite community recovery

3.2, 4.5

   

●  providing governments and elected members a rapid issues escalation process

4.6

   

ICA supports DTF as lead government liaison of providing insurance advice and information to customers, as shown in the Social Environment table (Table 12)

Social Environment table

   

ICA supports DTF in co-ordinating the insurance industry response, information, advice and government, as shown in the Economic Environment table (Table 13)

Economic Environment table

   

Assurance and Learning

 

For assurance and learning activities, refer directly to the agency for further information.