ARPC releases quarterly statisticsÂ
24 February 2025
The cyclone pool covers over 3.1 million buildings against financial loss from cyclones with an aggregate building exposure of just under $2.17 trillion, according to statistics released today.
Australian Reinsurance Pool Corporation (ARPC) which operates the cyclone pool, announced the milestone in the latest Cyclone Reinsurance Pool Premium & Exposure Statistics Report. The quarterly report draws on data generated by the cyclone pool, which operates Australia wide, but targets support to cyclone-prone areas.
Key findings from the report include that, as at 30 September 2024, the cyclone pool:
- covers over 3.1 million buildings against financial loss from cyclones with an aggregate building exposure of just under $2.17 trillionÂ
- has annual in-force cyclone pool premiums of approximately $532 million for Home properties, $53 million for Strata and $24 million for Small to Medium Enterprise (SME) propertiesÂ
- provides annual discounts to Home properties for property level mitigation activities of $6.6 million.Â
Background on the cyclone poolÂ
The cyclone pool was launched by ARPC in 2022 and is intended to help make insurance more affordable and more available in areas with medium to high cyclone risk, for eligible policies in three classes of business – Home, Strata (residential and some commercial), and for Small to Medium Enterprises (SMEs).Â
For media inquiries, please contact Alexander Drake, Head of Public Affairs and Communications on (02) 8223-6777 or [email protected].Â