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Media Releases

ARPC to update postcode tier classifications

Posted on 18 Feb 2019
The Hon Stuart Robert, Assistant Treasurer, has signed the Terrorism Insurance Act 2003 - Premiums Direction 2019. The Direction updates Australian Reinsurance Pool Corporation's postcode allocation list so appropriate premiums may be charged to reinsure properties in those postcodes. The adjustments will take effect on 1 July 2019 and are as follows: Please visit our Postcodes page here to view...
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ARPC’s 2019 retrocession program helps cover Australian economy against terrorist attacks

Posted on 31 Jan 2019
Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has renewed its retrocession reinsurance program for the 2019 calendar year. The $3.315 billion retrocession reinsurance 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 more than $13.7 billion.   “ARPC’s retrocession...
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ARPC Welcomes ANAO Performance Audit

Posted on 19 Dec 2018
Australian Reinsurance Pool Corporation (ARPC) has welcomed the terms of reference for the 2018 Performance Audit: Management of the Terrorism Reinsurance Scheme, being undertaken by the Australian National Audit Office (ANAO).  The objective of ANAO’s audit is “to assess the effectiveness of the Australian Reinsurance Pool Corporation’s management of the terrorism reinsurance scheme.” “I am very pleased to welcome the...
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ARPC welcomes 2018 Triennial Review report

Posted on 12 Dec 2018
Australian Reinsurance Pool Corporation (ARPC) has welcomed the final report of the 2018 Triennial Review into the Terrorism Insurance Act 2003 (TI Act), released today by the Treasury. "In the 2018 Triennial Review of the TI Act, the Treasury has recommended that ARPC continue to provide terrorism re/insurance covering the Australian commercial and high value residential property market," said Dr...
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ARPC announces research study on cyber terrorism in Australia

Posted on 31 Oct 2018
Australian Reinsurance Pool Corporation has commenced a research study on the threat of cyber terrorism in Australia, including the nature and cost of physical damage to commercial property (including business interruption), which may be caused by acts of cyber terrorism. The 12-month research study, titled ‘Insurance risk assessment of cyber terrorism in Australia’ will identify and explore current and prospective...
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ARPC 2017-18 Annual Report published

Posted on 17 Oct 2018
The ARPC 2017-18 Annual Report has been tabled.
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ARPC welcomes Board reappointments

Posted on 06 Jun 2018
The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, yesterday announced the reappointments of Ms Elaine Collins, Ms Janet Torney and Mr John Peberdy as part-time members of the Australian Reinsurance Pool Corporation Board (ARPC). These appointments are for a further three years from 1 July 2018 to 30 June 2021. Mr Ian Carson AM, ARPC Chair,...
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ARPC’s Risk Mitigation Handbook Proposal approved by Standards Australia

Posted on 28 May 2018
Australian Reinsurance Pool Corporation has welcomed peak standards development body Standards Australia’s approval of ARPC’s proposed Physical Protective Security Treatments for Buildings Handbook.    Earlier this year, ARPC submitted a proposal to Standards Australia for the development of a new Plain English Handbook to support proactive risk management of large-scale infrastructure (commercial buildings).     “The Handbook will help owners and operators to assess their risks and plan and implement treatment measures to protect valuable assets against terrorist attacks...
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