The Insurance Council of Australia (ICA) is the national body representing the general insurance industry in Australia. Its primary focus is to advocate for the interests of its members, which include a range of insurers and re-insurers. The ICA works to influence policy, legislation, and regulations that impact the insurance sector, ensuring the industry operates under fair and balanced frameworks. The council also plays a key role in improving public understanding of insurance and the value it provides in managing risks and promoting resilience.
One of the ICA’s main goals is to promote a strong and sustainable insurance sector that supports economic stability and community resilience. The organisation is particularly active in advocating for policies and strategies that address the increasing risks posed by natural disasters, climate change, and other emerging challenges. This includes pushing for reforms in building standards, land-use planning, and public infrastructure to improve resilience to extreme weather events.
The ICA provides its members and the public with research, reports, and data on various aspects of the insurance industry. This includes practical insights into risk management, claims data, and the economic impacts of natural disasters. The council also contributes to broader discussions on climate risk, aligning with sustainable finance goals by encouraging the development of insurance products and practices that help communities and businesses mitigate environmental risks.
In addition to advocacy and research, the ICA offers resources for consumers, including tools for understanding different types of insurance, finding insurers, and guidance on making claims. Its structure is member-based, with governance provided by a board of directors comprising senior representatives from leading insurance companies in Australia. The ICA serves as a central hub for industry insights, policy development, and consumer education within the Australian insurance landscape.
We believe an insurable Australia is a resilient Australia and it’s our purpose to be the voice for a resilient Australia.