Climate hypocrites - My letter in today's Australian., page-181

it’s still based on risk and underpinning that the idea of spreading risk. So inevitably if fewer insure costs go up. However it’s also impacted by superannuation funds and ultimately by their customers wanting higher portability. insurance companies seldom make profit on insurance - they make it on investment returns of money paid by insurance customers .

so if you look at it at a systems level maybe if government addressed aged pensions and people could survive with lower income during retirement, and care less about the size of their super fund and stopped judging their investment on profitability premiums could reduce somewhat. Unlikely scenario .