Building community cyclone resilience through academic and insurance industry partnership

Abstract

This paper presents research from collaboration between the Cyclone Testing Station (CTS) at James Cook University and insurer Suncorp over the last two years. A key outcome of this work has been an insurance premium reduction program by Suncorp known as the 'Cyclone Resilience Benefit'. Background research conducted for the program by the CTS is discussed and its details are briefly reviewed. Insights from the program delivery to over 14,000 homeowners to date are discussed. Although still in preliminary stages, the development of this industry program based on academic research demonstrates the benefits of strategic partnerships in the field of natural disaster risk mitigation

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