ARPC’s Risk Mitigation Handbook Proposal approved by Standards Australia

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 and other malicious acts,” says Dr Christopher Wallace, ARPC Chief Executive Officer. He said the project aligned with ARPC’s strategic priorities to support and promote terrorism risk mitigation, and to provide a world class response to terrorism incidents.

“ARPC has secured support for development of the Handbook from a wide range of Australian industry stakeholders and/or representative bodies across insurance, commercial property, facilities management, events management, local government, fire services and national security. These industry supporters not only acknowledge the Handbook’s value but have volunteered their expertise and ongoing participation in the project,” Dr Wallace said.

The Handbook will reference existing standards, ISO documents, Federal Government advice and industry expertise. Specifically, it will facilitate improved risk assessment, prevention, and treatment methodologies for physical security risks to businesses.

“Leia Homer, ARPC Manager, Terrorism Risk Mitigation and Michael Pennell, ARPC Chief Underwriting Officer, look forward to collaborating with Standards Australia and its appointed Technical Committee, to produce a unique and valuable risk mitigation tool for publication by Standards Australia,” Dr Wallace says.

Media Contact: Dr Christopher Wallace, ARPC Chief Executive Officer: (02) 8223-6777.

More information 

ARPC is a corporate Commonwealth entity established under the Terrorism Insurance Act 2003 (TI Act) and is responsible for administering the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident.

Standards Australia is the nation’s peak non-government, not-for-profit standards organisation. https://www.standards.org.au/