215
x
State Government assets are insured primarily through SAICORP while local government assets
are insured through LGA Asset Mutual Fund. The level of insurance for these assets has not been
ascertained.
x
A number of knowledge gaps were identified through the insurance assessment. These include:
Data limitations in relation to residential insurance cover and claims at a sufficiently local level
to accurately analyse the region’s private residential insurance profile.
Industrial and commercial insurance data for all enterprises, particularly large businesses that
may insure their assets through interstate offices.
Government insurance data for government assets was not available for this study.
x
Recommendations in relation to Stage 2 of the WARCCAP include:
Further discussion with the insurance industry is required to ascertain the range of products
offered in South Australia that would assist the community to protect itself from hazards
associated with climate change.
More localised data collection and analysis of households and businesses is required, including
by survey, to identify potential variations from the above analysis. Close engagement with
Government agencies to obtain a more detailed insight into the insurance profile of assets and
how it relates to hazards across the region.
