The HIH claims support scheme

Claudio Damiani; Naomi Bourne; Martin Foo

The HIH claims support scheme

Claudio Damiani, Naomi Bourne, Martin Foo

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Report) › Other

Abstract

The collapse of the HIH Insurance Group in 2001 was a watershed for Australia’s financial sector. The combined government and industry response to its collapse was swift, with the establishment of the HIH Claims Support Scheme to restore confidence to the market and protect a large number of HIH policyholders from potential financial hardship. Despite its rapid development and implementation, the scheme operated effectively and successfully met its objectives.

Original language	English
Title of host publication	Economic Roundup
Place of Publication	Parkes ACT Australia
Publisher	Commonwealth Government of Australia
Pages	37-76
Number of pages	40
Volume	1
ISBN (Print)	9781925220148
Publication status	Published - 2015
Externally published	Yes

Keywords

HIH
insurance
policyholder

Access to Document

33960999Final published version, 1.44 MB

http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2015/Roundup%2001/Downloads/PDF/Roundup_Issue%201_2015_Combined.ashx

Cite this

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AB - The collapse of the HIH Insurance Group in 2001 was a watershed for Australia’s financial sector. The combined government and industry response to its collapse was swift, with the establishment of the HIH Claims Support Scheme to restore confidence to the market and protect a large number of HIH policyholders from potential financial hardship. Despite its rapid development and implementation, the scheme operated effectively and successfully met its objectives.

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KW - policyholder

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BT - Economic Roundup

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