Cyclone Insurance Premium Estimator for Queensland
This online tool has been developed to provide insights into the risk of tropical cyclone activity in Queensland and the potential cost of parametric cyclone insurance. The tool allows users to view the tracks of cyclones that have occurred historically in Queensland and to see which cyclones have passed within 50km of a chosen location. The premium estimator tool provides users with a premium estimate for an insurance policy which pays if a cyclone of category 3 or above passes within 50km of their location.
In collaboration with the
Preliminary policy structure: If a cyclone of category 3 or above passes within 50km of the insured location (the indemnification zone) a pre-agreed payout occurs. The premium will increase proportionally to the payout amount and will vary by location according to the risk of cyclone activity in the insured region.
Instructions:- Click on the map to see an estimate of the premium for an area of interest. Premium estimates are similar for locations in the same region.
- Select a historic cyclone to see its track and its indemnification zone (a region encompassing all locations within 50km of its track).
- Move the slider below to see the tracks of all historic category 3 cyclones occurring during the chosen time range.
More information on cyclone insurance can be found here
More information on insurance research in Queensland can be found here
Cyclone track information is from the Australian Bureau of Meterology
Cyclone risk information is adapted from the Tropical Cyclone Hazard Assessment (THCA) from the Australian Government Geoscience Australia
Information about data collection and privacy related to this site can be found here
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