Protecting Australian communities with sustainable and effective reinsurance for terrorism and cyclone

ARPC is a public financial corporation established by the Terrorism Insurance Act 2003 to administer the terrorism reinsurance pool providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from terrorism. 

ARPC will also operate a reinsurance pool for cyclones and cyclone related flood damage under the Terrorism and Cyclone Insurance Act 2003. The pool opens to insurers on 1 July 2022. Consumer policyholders, for eg, homeowners with insurance policies, are NOT required to join the pool.

LEARN MORE Reinsuring with ARPC

Postcodes

The premium charged by ARPC is determined by Ministerial Direction and is set by postcode into three tiers according to population density.

MORE ABOUT POSTCODES

Reinsuring Terrorism with ARPC

Insurers 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 MORE

Eligibility

Any company which writes eligible insurance contracts may reinsure its terrorism risk with ARPC

LEARN MORE

Requirements

In order to apply for reinsurance with ARPC the following information is required

LEARN MORE

Client Obligations

The reinsurance agreement requires clients to submit the following information

LEARN MORE

News

30 June 2022
Cyclone Reinsurance Pool premium rates and reinsurance agreement update

ARPC has published initial premium rates and the reinsurance agreement ahead of the Cyclone Reinsurance Pool commencing operations on 1 July 2022. ARPC is extending a further period of consultation on the initial premium rates.

Read it here
08 Feb 2022
ARPC’s $3.475 billion retrocession program helps cover the economy against terrorist attacks

Australia’s terrorism insurance scheme, administered by Australian Reinsurance Pool Corporation, has renewed its retrocession* program for the 2022 calendar year. The $3.475 billion retrocession program, plus ARPC’s net assets and the $10 billion Commonwealth guarantee, provides scheme capacity in the event of a declared terrorism incident against commercial and eligible property assets, of approximately $14...

Read more

Insights

21 October 2021
Annual Report 2020-21

ARPC’s 2020-21 Annual Report has been tabled in the Australian Parliament. Read it in the link below.

Read it here.
27 May 2022
ARPC publishes UQ research on terrorism and violent protests

Australian Reinsurance Pool Corporation has published research by the University of Queensland exploring whether definitions of terrorism have shifted due to the social and economic disruption caused by the Covid-19 pandemic. The research paper Terrorism and Violent Protests – where do these disruptive events meet? looks at the evolving nature of violent protests and other...

Read more

Risk Mitigation

A 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.

Risk Mitigation Read more

Threat Level

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

Current threat level:
Probable
Click on a threat level for more information.
Certain
Red is the highest level and means that a terrorist action is certain
Expected
Orange means a terrorist action is expected.
Probable
Credible intelligence, assessed by our security agencies, indicates that individuals or groups continue to possess the intent and capability to conduct a terrorist attack in Australia.
Possible
Blue indicates that a terrorist action is possible.
Not expected
Green is the lowest category of threat and means a terrorist action is not expected.
Know more