In this discussion, Paula Jazabkowski, a strategic management professor, and James Ayres, a senior writer at the Australian Financial Review, dive into the crisis facing Australia’s insurance market. They address the alarming rise in premiums due to climate change and inflation. Paula emphasizes the need for a rethink in disaster insurance, while James highlights the social dilemmas of unaffordability. Together, they explore the balance between market profits and social protection, advocating for systemic changes to ensure the insurance landscape remains viable and fair.
