The insurance sector is preparing for a highly volatile climate, as more severe, more frequent weather events are likely to hit Australians, their homes and businesses in the decades ahead.

Key to insurers’ ability to keep protecting the climate risks their policies cover is the location of new dwellings and the ability of building codes to help make structures better able to withstand natural disasters as they happen. It is imperative new buildings are made using practices and materials that are purpose-built to withstand an increasingly unforgiving climate.