You could win a cash prize of $50,000 from the Insurance Council of Australia if you come up with the best answer to this type of question. Entries close on 15 April 2010 so if you want to win this fantastic prize, you’d better put your thinking cap on.

The Insurance Council represents the general insurance industry in Australia. Together with its members, the Insurance Council is looking for your creative ideas demonstrating measures or concepts that improve an individual’s, business’ or community’s ability to withstand and recover from extreme weather events.

The efforts of the Insurance Council and its members to promote and raise awareness of the need for greater community resilience are highlighted by their Resilience Policy, Increasing Community Resilience to Extreme Weather Events (see the full report on www.insurancecouncil.com.au.)

Building on this work, the Insurance Council is now calling upon the Australian community to submit concepts, research, products, actions and/or initiatives on how to build this resilience.

The Insurance Council says, “All entries will be assessed by the following criteria:

  • Demonstrated benefits of improving resilience in the community; and
  • The costs and ease of implementation; and
  • The innovative qualities of the proposal and its potential for application for a business, individual or a community as a whole; and
  • The potential impacts on the regulatory framework in Australia.

The six key ingredients of resilience as defined in the Insurance Council of Australia’s Resilience Policy are:

1.       Community understanding of weather related risks

2.       Risk appropriate land use planning and zoning

3.       Risk appropriate mitigation measures

4.       Risk appropriate property protection standards

5.       Financial risk mitigation in the community

6.       Community emergency and recovery planning

Entries are open to all Australian residents, companies and government agencies. To find out more, go to www.insurancecouncil.com.au.

Arrange an Insurance Quote Here

Quotesonline Free Insurance Quotes

Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service

By The Quotesonline Team|2014-11-11T06:41:47+00:00March 29th, 2010|Insurance Information|
Call For Quotes
%d bloggers like this: