ARPC’s 2024 Financial Outlook Report
22 October 2024
As at 30 June 2024, the cyclone pool was close to having full coverage of eligible insured properties, reinsuring 98 per cent of Home, close to 100 per cent of Strata, and 87 per cent of small to medium enterprises (SME) properties. Coverage will reach 100 per cent with the final remaining eligible insurers joining by 31 December 2024.
The FOR provides a view of recent and projected financial outcomes, assesses the adequacy of premium rates and of reserves, and offers observations on capital management and on broader risks affecting the pool’s financial outlook. The overall financial outlook for the pool remains consistent with what was expected when it commenced.