The RISe platform was established to support Terrorism Reinsurance Pool (terrorism pool) transactions for both ARPC and cedants alike.
The RISe platform has served ARPC well, successfully allowing ARPC to manage and process information efficiently and effectively since the launch of the terrorism pool.
As of October 2024, ARPC will help cedants transition to a new platform, PACE (Protecting Australians for Catastrophic Events).
What is PACE?
PACE is ARPC’s customer portal developed for cedants to lodge reinsurance premiums and claims information in a secure and user-friendly environment. The PACE portal has laid a great foundation for transition terrorism pool cedants.
The PACE system allows cedants to:
- submit and validate quarterly premium returns
- submit and validate annual aggregate reports
- submit GWP declarations
- update most user details and addresses for their organisation
- submit loss estimates for incidents
- submit claims bordereaux and unallocated expenses reports
- view list of historical declared incidents
Cedants can access PACE Terrorism via cedant.pace.arpc.gov.au/terrorism/.
Timeline
The PACE portal will be available to terrorism pool cedants from Tuesday, 1 October 2024. The RISe system will no longer be in use from March 2025.
Terrorism pool cedants will be able to lodge their last premium return in RISe in Q2 FY25, due 31 Jan 2025.
More information
If you have any questions, or require any additional information, please don't hesitate to reach out to the ARPC team at [email protected].