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Media Releases

An update on the Triennial Review Report outcomes

Posted on 19 Sep 2017
5 December 2015 Background In September 2014, The Treasury commenced the latest Triennial Review, a regular process required under the Terrorism Insurance Act 2003 (TI Act) to be undertaken at least every three years. The Treasury has now completed the Review after engagement with industry and other stakeholders and the findings and recommendations of the Review have now been released publicly. Triennial...
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An update on the new five-level terror alert system

Posted on 19 Sep 2017
26 November 2015 New terror alert system The new 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 five levels are: Not expected: Possible Probable Expected Certain The current level is Probable: Credible intelligence, assessed by our security agencies indicates that individuals or groups...
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An update announcing ARPC’s relocation of Canberra office services to Sydney

Posted on 19 Sep 2017
ARPC’s operations are being consolidated into a single office in Sydney, with our Canberra office closing by 30 September 2015. The move will place us closer to our insurer customers and reinsurer suppliers. The process to relocate all roles and functions from Canberra to Sydney will take place over the coming months. A comprehensive plan is in place to ensure...
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An update announcing ARPC’s Corporate Plan 2015–2019

Posted on 19 Sep 2017
1 September 2015 On Friday 28 August 2015, the Australian Reinsurance Pool Corporation (ARPC) released the organisation’s 2015-2019 Corporate Plan (available here: http://arpc.gov.au/publications/corporate-plan/) The Corporate Plan is an important document outlining the strategic objectives of ARPC, current operating environment and future challenges and opportunities in a dynamic and uncertain global environment. As part of our mission to use our expertise to...
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An update on the recently tabled 2013–14 ARPC Annual Report

Posted on 19 Sep 2017
5 November 2014 Background ARPC’s Annual Report 2013–2014 was tabled in Parliament on 28 October 2014. The report details our achievements, performance and financial position for the reporting period as well as ARPC’s outlook for the year ahead. Annual report overview ARPC plays a crucial role in protecting insurers and businesses with Australian assets from losses caused by terrorism catastrophe. Over...
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An update on the triennial review and the raising of the National Terrorism Public Alert level to high

Posted on 19 Sep 2017
19 September 2014 (Updated 23 September 2014) Background In our May 2014 Market Update, we highlighted that the Terrorism Insurance Act 2003 (TI Act) requires a review to be conducted at least once every three years that examines the need for the Act to continue in operation (the triennial review). This update provides our stakeholders information on the triennial review which is now...
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Market update on the recent National Commission of Audit, Federal Budget, ARPC Operations and the upcoming Triennial Review

Posted on 19 Sep 2017
22 May 2014 Background Australian Reinsurance Pool Corporation (ARPC) protects Australia from economic losses to eligible commercial property caused by terrorism catastrophe. ARPC was established as a temporary measure to ensure that Australia’s commercial property continued to have access to terrorism insurance in the wake of the 11 September 2001 terrorist attacks. The National Commission of Audit in its report...
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Global links crucial to meeting terrorism challenges: IFTRIP

Posted on 10 Aug 2017
The role of international cooperation in mitigating the financial cost of terrorism risk and sharing best practice knowledge on insurance coverage options is critical, according to Dr Christopher Wallace, Australian Reinsurance Pool Corporation (ARPC) CEO.   Dr Wallace recently addressed the inaugural International Forum of Terrorism Risk Re (Insurance) Pools (IFTRIP*) Conference in Paris held on 27 and 28 June 2017....
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