Categories: All - insurance - australia - home

by Harold Lucero 1 year ago

64

Joining the Cyclone Pool

The Cyclone Pool initiative targets general insurers in Australia, aiming to mitigate the financial impact of cyclones. Small general insurers have until the end of 2024 to join, with eligibility extending to various home insurance classes across all Australian postcodes.

Joining the Cyclone Pool

Joining the Cyclone Pool

Type in the name of your organization and press Enter.

Large General Insurers

Investors will ask: how well do you know your customers and your market? Your business plan should show that you are targeting your market by well-defined segments and are focused on creating value for customers.

≥ $300m GWP

Mandatory by 31 Dec 2023

Small General Insurers

Provide your investors with a clear picture of your business: how it is structured, who owns it, who runs it, and how it is doing so far?

< $300m GWP

Mandatory by 31Dec 2024

List the benefits that will come from pursuing this opportunity. Include:

All Postcodes in Australia

Optional Participant

Although the executive summary appears first in the document, it is easier to complete it last, when you can summarise and prioritize the key points in your plan.

Threshold
< $10M GWP

Eligible Regions

Ineligible Postcodes

Strata

Home

SME

Summarise the value and the difference that your organization aims to create. Mission statements are more useful if they describe the difference that you want to make to your customer's lives, rather than what you want to achieve personally. Your mission statement should directly influence strategic decisions.

Eligible Classes