IAG report warns Australia’s housing resilience implementation gap could lift annual damage costs above $35 billion by 2050

• IAG-backed report flagged an execution gap on housing resilience as climate-driven extreme weather losses rise across Australia.
• Insurance Council of Australia declared 29 events since 2019, generating $20.7 billion in insured losses from 760,720 home claims.
• Declared events produced $3.98 billion in insured losses in fiscal 2026, lifting pressure on premiums, affordability, insurability.
• Annual costs from cyclones, floods, bushfires, uninsured losses, recovery payments projected to exceed $35 billion by 2050 without adaptation.
• Recommendations centered on national guidance alongside building codes, retrofit-at-repair programs, workforce capability, financial incentives to scale resilience investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAG - Insurance Australia Group Limited published the original content used to generate this news brief on October 12, 2026, and is solely responsible for the information contained therein.