The Insurance Council collects catastrophe related claims data from the Australian market as part of its role in supporting the industry to deliver repairs, rebuilding and recovery services following large disasters.
The ICA Catastrophe Database commenced in 1967 and records insurance loss estimates for declared insurance catastrophe events.
The database also contains a normalised loss figure (in 2017 AUD) for each event, which represents the potential value of the loss if the event were to reoccur today, taking into account changes in building codes, trades and material costs, population and demographics.
The process used for normalisation is available for download below.
Access to the full ICA Catastrophe Database containing claims data is available below.
TOP FIVE INSURED LOSS EVENTS NORMALISED IN 2017 DOLLARS
- $5.6bn, Sydney Hailstorm, 1999
- $5.0bn, Cyclone Tracy, 1974
- $4.7bn, Cyclone Dinah, 1966
- $4.2bn, Earthquake, 1989
- $3.2bn, Brisbane Flooding, 1973
If you intend to publish, reference or quote any material from the ICA Catastrophe Database you must first seek approval from email@example.com