Just a few quotes to keep you amused:

1. “The ICA says, contrary to some perceptions, insurers have not left the market in northern Australia and are not generating large profits.” - record profits reported and you try getting strata insurance quotes
2. “The ICA submits that, despite this, consumers in northern Australia do have a strong choice of insurance providers, the market is competitive and premiums reflect risk.” - home and contents does seem to have stabilised but strata has not
3. “Allianz discusses opportunities for industry and government to work together practically, recommending direct government intervention in the market such as through a government-backed reinsurance facility to reduce premiums in high cyclone and/or flood risk regions. “ - Allianz is talking sense, Governments please note
4. “The Actuaries Institute of Australia expressed concerns about the availability and affordability of insurance in northern Australia. “ - so do the people of northern Australia

5. Page 11

   “The Insurers are:  AAI Limited (Suncorp); Allianz Australia Insurance Limited (Allianz); Commonwealth Insurance Limited (CIL); Insurance Australia Limited (IAL); QBE Insurance (Australia) Limited (QBE); RACQ Insurance Limited (RACQ); Westpac General Insurance Limited (Westpac); Youi Pty Ltd (Youi).” - AAI, Allianz, IAL and QBE have the ability to offer strata insurance but don't necessarily do so and have restrictions

6. “In 2016–17 in northern Australia, the Insurers collected approximately $670 million in premium, which is nearly 10 per cent of the estimated $6.8 billion paid to them by consumers nationally.” - but we're not 10% of the population.