Opening statement on behalf of Insurance Council of Australia before Christensen Inquiry
Opening statement: Tuesday, 27 July 2021 Thank you Chair. I’m supported today by my Chief Operating Officer, Kylie Macfarlane who looks after our disaster recovery and resilience teams. By way of introduction, general insurers provide Australians with 43 million business and household policies each year and pay more than $166 million in claims every working day. Over the last year we provided support to Australia’s export industries to the amount of at least $500m dollars in gross incurred claims. Insurance is a key component of the economy, especially in a country like Australia, where o...