Extreme weather could see insurance premiums rise, Australian Actuaries Climate Index warns

Residential property owners and businesses are likely to face higher insurance premiums after a new actuarial index warned about rising financial risks from extreme weather events. 

The Australian Actuaries Climate Index tracks risk factors such as elevated sea levels, drought, bushfires, cyclones, flooding and extreme temperatures as being more frequent as growing evidence of climate change mounts. 

Leading actuary speaks with ABC's Peter Ryan.