The AGA was asked by the Government to conduct a study into home and contents insurance pricing in North Queensland (NQ). This follows a study into residential strata insurance pricing completed in June 2014.
Specifically, the AGA have been asked to:
- consider the causes of home and contents premium increases in NQ, taking into account an 8 year timeframe beginning in 2005-06; and
- compare home and contents insurance pricing across Northern Australia and other east coast centres and consider the reasons for any significant variation in pricing across geographic areas.
This report sets out the results of the investigation.