Australia’s Insurance and Risk Innovation Hub
Proposed national hub · Canberra, Australia
Launching in 2027, FutureRisk brings together industry, government, academia, technology and capital to solve emerging risk challenges, build new ventures and develop talent.
The concept
A national hub connecting emerging risk problems with applied research, insurance, technology and capital.
FutureRisk brings together the people and capabilities needed to tackle emerging risks, connecting real-world problems with research, insurance expertise, technology and capital to develop practical solutions.
Why FutureRisk
Emerging risks do not sit neatly within one industry or institution.
Climate, catastrophe, cyber, AI and other emerging risks increasingly cut across insurance, technology, research, investment and public policy. FutureRisk creates a place for those capabilities to work on shared problems and develop practical responses.
Why Canberra
A distinctive combination of policy, research, technology and industry capability.
Policy and regulators
Australia’s seat of government, with access to regulators, national institutions and major policy priorities.
Research and talent
Leading universities and research institutions with expertise relevant to emerging risk.
Technology and data
Strong capability in AI, analytics, cyber, geospatial technology and data.
Neutral ground
A natural meeting place for industry, government, universities and other partners to work on shared problems.
The FutureRisk model
One hub. Five groups. Independent oversight.
Independent board and foundation partners
One hub for risk, research and insurance innovation
Government
and regulators
Universities
and research
Insurance
and reinsurance
Technology
and data
Capital
and investors
FutureRisk complements Australia’s established insurance markets by focusing on emerging risks, new ideas and areas where existing market structures do not yet provide complete solutions.
How FutureRisk works
Real risk problems in. Practical solutions out.
Industry, government and other partners bring real emerging risk problems into the hub. FutureRisk brings together the research, insurance expertise, technology and capital needed to understand the problem, test solutions and move promising ideas into practice.
Emerging risk problems
Research · Insurance · Technology · Policy · Capital
Practical outcomes
Products · Ventures · Research · Policy solutions · Talent
Different problems will require different combinations of capability. FutureRisk provides the platform to bring those capabilities together around the problem.
What FutureRisk delivers
Four practical ways to turn ideas, research and expertise into real-world outcomes.
1Build new ventures
Help develop specialist insurance, risk and technology ventures from concept to market.
2Commercialise research
Turn applied research into practical insurance products, risk solutions and policy applications.
3Develop talent
Create internships, graduate pathways, industry projects and executive education focused on risk and insurance.
4Connect market and capital
Bring together insurers, reinsurers, brokers, government, investors and technology partners around opportunities that require multiple capabilities.
Five-year ambition
Build an enduring national capability in insurance and emerging risk.
FutureRisk’s ambition is to create measurable economic, industry and capability outcomes while establishing Canberra as a recognised centre for insurance and risk innovation.
New ventures
Help create and grow new insurance, risk and technology businesses.
Research to market
Convert applied research into products, tools, ventures and policy solutions.
Talent pipeline
Build recognised pathways for students, graduates, researchers and industry professionals into insurance and risk.
Capital and investment
Attract investment into Australian insurance, risk and technology innovation.
National risk centre
Establish FutureRisk as a recognised Australian centre for collaboration on emerging risk.
Foundation partners
Built collaboratively from the beginning.
FutureRisk is being developed with partners across insurance, reinsurance, government, academia, technology and investment.
Foundation partners will help shape the hub’s early priorities, contribute expertise and capability, and support the development of its initial programs and projects.
Foundation partners and supporting organisations
Howden Re
Global reinsurance broking
Index Insurance
Specialist construction and infrastructure MGA
Additional foundation partners will be announced as FutureRisk develops.
Get involved
Help build FutureRisk.
FutureRisk is seeking foundation partners and collaborators from insurance, reinsurance, government, universities, technology, investment and related sectors.
Bring a problem
Identify an emerging risk challenge that could benefit from a collaborative approach.
Contribute expertise
Participate in research, product development, projects or industry programs.
Support the hub
Support the hub through sponsorship, data, research capability, facilities or other in-kind support.
Build with us
Help develop new ventures, products, talent programs and partnerships.
If your organisation wants to help develop Australia’s capability to understand, manage and insure emerging risk, we would like to hear from you.