ARPC is a public financial corporation established by the Terrorism Insurance Act 2003 to administer the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident.
The premium charged by ARPC is determined by Ministerial Direction and is set by postcode into three tiers according to population density.
MORE ABOUT POSTCODESInsurers may reinsure the risk of claims for eligible terrorism losses with ARPC. Premiums that insurance companies pay for reinsurance to the ARPC contribute to the pool of funds available to cover claims from declared terrorist incidents. ARPC has a standard reinsurance agreement which it enters into with issuers of eligible insurance contracts.
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Register to learn more about the terrorism risk landscape and how the insurance industry and/or government should respond.
Read more & registerARPC’s 2019-2020 Annual Report has been tabled in Parliament. “The Report showcases strong operational and financial performance during the financial year,” said Dr Christopher Wallace, ARPC CEO. There were 227 insurer customers covered by ARPC for terrorism risk for commercial property and business interruption policies. The ARPC Scheme had funding capacity for claims of $13.7...
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Complete the form to receive a copy of the report. Request will be processed within 48 hours.
Request it hereTerrorism in the OECD – A Research Project funded by the Australian Reinsurance Pool Corporation. To read this report, please follow the below link to our Insights page and select the pdf.
Read moreA key ARPC strategic objective is to support and promote terrorism risk mitigation. We aim to do this through: development of thought leadership research and insights; events featuring experts; support for relevant programs run by other organisations as well as the development of our own initiatives. This section of ARPC’s website will act as a portal, which will grow over time.
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The National Terrorism Threat Advisory System is a scale of five levels to provide advice about the likelihood of an act of terrorism occurring in Australia. The National Terrorism Threat Level is regularly reviewed in line with the security environment and intelligence.
For more information on the system, the current threat level and advice for the public visit www.nationalsecurity.gov.au
