Annual Report 2022-23
As at 30 June 2023, nine insurers had joined the cyclone pool with the balance of large insurers expected to join by 31 December 2023.
For the terrorism pool, ARPC had 228 insurer customers with sums insured of approximately $4 trillion nation-wide for commercial property and business interruption. The terrorism pool had $14.4 billion available for claims arising from a Declared Terrorism Incident.
In 2022-23 ARPC made solid progress on strategic projects including an updated geospatial terrorism catastrophe model and establishing our systems, processes and people for the cyclone pool.