‘Analysis of Identified Gaps in Australia’s Terrorism Insurance Environment’
18 December 2020
A new report by ARPC and the University of Queensland Business School has found some losses from terrorism are not covered by existing arrangements, or are not covered fully or consistently. These gaps include: physical property damage caused by cyber terrorism; low business interruption insurance uptake by SMEs; Compulsory Third Party (CTP) motor insurance schemes; inconsistencies in Workers’ Compensation schemes; inconsistencies in Victims of Crime schemes and coverage of State and Commonwealth assets. The purpose of this report, in identifying these gaps, is to inform future discussions on insurance coverage, such as what risks should be covered, and by whom within the commercial or public sector.
This is the first in a series of research papers on terrorism and re/insurance to be produced by ARPC in partnership with the University of Queensland.
You can view the full report here.