Flood Risk Management in Australia Building flood resilience in a changing climate December 2020 Flood Risk Management in Australia Building flood resilience in a changing climate Neil Dufty, Molino Stewart Pty Ltd Andrew Dyer, IAG Maryam Golnaraghi (lead investigator of the flood risk management report series and coordinating author), The Geneva Association Flood Risk Management in Australia 1 The Geneva Association The Geneva Association was created in 1973 and is the only global association of insurance companies; our members are insurance and reinsurance Chief Executive Officers (CEOs). Based on rigorous research conducted in collaboration with our members, academic institutions and multilateral organisations, our mission is to identify and investigate key trends that are likely to shape or impact the insurance industry in the future, highlighting what is at stake for the industry; develop recommendations for the industry and for policymakers; provide a platform to our members, policymakers, academics, multilateral and non-governmental organisations to discuss these trends and recommendations; reach out to global opinion leaders and influential organisations to highlight the positive contributions of insurance to better understanding risks and to building resilient and prosperous economies and societies, and thus a more sustainable world. The Geneva Association—International Association for the Study of Insurance Economics Talstrasse 70, CH-8001 Zurich Email:
[email protected] | Tel: +41 44 200 49 00 | Fax: +41 44 200 49 99 Photo credits: Cover page—Markus Gebauer / Shutterstock.com December 2020 Flood Risk Management in Australia © The Geneva Association Published by The Geneva Association—International Association for the Study of Insurance Economics, Zurich. 2 www.genevaassociation.org Contents 1.