Head lessees across the alpine resorts are experiencing challenges in securing bushfire insurance, which places properties at risk in the event of a bushfire. The availability of insurance is impacted by global events where a greater exposure to natural catastrophes – including bushfires, floods and storm events – has resulted in insurers increasing prices and, in some cases, withdrawing from offering products where the risk is deemed too high.
After a competitive tender process, ARV has appointed KPMG to deliver a Bushfire Insurance Strategy. KPMG has extensive experience in this space, having undertaken recent projects including insurance market scanning, self-insurance and alternative insurance models and risk financing. In the first phase of the project, KPMG will gather and review existing data, including connecting with the alpine resorts to better understand the current situation and identify any relevant work that can feed into this project. A Project Working Group of stakeholders who can support this process will also be established.
Page last updated: 18/04/23