'Risk is being reassessed’ amid rising geopolitical tensions and nat cat activity: ICA’s Hall
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'Risk is being reassessed’ amid rising geopolitical tensions and nat cat activity: ICA’s Hall

Aisling Finn
23 November 2023
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Rising geopolitical tensions, inflation, entrenched price hikes and growing weather volatility have all “come together to create the perfect storm in insurance markets,” Insurance Council of Australia (ICA) CEO Andrew Hall said in a speech today.

As a result of the current climate, “risk is being reassessed”, which has had a knock-on effect on global reinsurance markets.

“The

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