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.
LEARN MOREAustralian Reinsurance Pool Corporation has announced that its Cyber Terrorism Research and Insurance Seminar has been brought forward to Thursday, 3 September starting at 4pm AEST, with the format changed to a Webinar. ARPC’s Cyber Terrorism Research and Insurance Webinar will showcase the findings of ARPC’s ground-breaking cyber terrorism research project, titled: ‘Insurance Risk Assessment of...
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ARPC has rescheduled its Cyber Terrorism Research and Insurance Seminar to Thursday, 3 September 2020
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Read MoreTerrorism 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
