The bushfire liability insurance market is entering a new phase. This is marked by cautious optimism, greater scrutiny, and a shift in insurer confidence.
In 2024, we saw over $100 million in new capacity enter the space, a welcome sign after years of constrained underwriting appetite and sharp capacity withdrawals.
For this year’s report, we engaged risk modelling specialists Risk Frontiers (opens a new window) to provide opening commentary on the 2024/25 bushfire season outlook, alongside a broader review of bushfire risk in the context of a changing climate and regulatory environment.
Their expert analysis sets the stage for deeper market commentary from our own team, exploring how new capacity is shaping placement strategy - and where buyers must evolve to meet heightened insurer expectations.
We’ve also incorporated insights from the Australasian Fire and Emergency Service Authorities Council (AFAC), (opens a new window)providing a broader industry view on mitigation, preparedness, and response.
Together, these perspectives form a well-rounded view of the bushfire liability landscape in 2024/25, offering practical takeaways in navigating a market that is no longer just about managing risk, but proving it.
Download the full report to explore:
Capacity trends and market shifts
What’s driving insurer confidence
How to differentiate in an increasingly competitive market
Key actions
To access the full report, click the download button (located on the right for desktop users and at the bottom for mobile users) and fill out the form.
Contents of this publication are provided for general information only. It is not intended to be interpreted as advice on which you should rely and may not necessarily be suitable for you. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Lockton arranges the insurance and is not the insurer. Any insurance cover is subject to the terms, conditions and exclusions of the policy. For full details refer to the specific policy wordings and/or Product Disclosure Statements available from Lockton on request.
