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Media Releases

An update showcasing Kelly O’Dwyer MP, Minister for Revenue and Financial Services’ address to the ARPC-OECD Global Terrorism Risk Insurance Conference

Posted on 19 Sep 2017
Background On 7 October 2016, Kelly O’Dwyer MP, Minister for Revenue and Financial Services, addressed the ARPC-OECD Global Terrorism Risk Insurance Conference. Below is an excerpt of Minister O’Dwyer’s speech: Opening remarks On behalf of the Government of Australia, let me say how pleased I am to be able to participate in this important conference. With the first three global terrorism...
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An update announcing the publication of the 2016-17 ARPC Corporate Plan

Posted on 19 Sep 2017
31 August 2016 Publication of 2016-17 Corporate Plan On Monday 29 August, Australian Reinsurance Pool Corporation published the organisation’s 2016-2017 Corporate Plan. The Plan outlines ARPC’s strategic priorities for the financial year 2016-17 and beyond. It commences on 1 July 2016 and spans the three subsequent reporting periods to 30 June2020. We encourage our stakeholders to read our Corporate Plan...
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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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