Cyclone Reinsurance Pool Premium and Exposure Statistics Report
The cyclone pool operates Australia wide, but targets support to cyclone-prone areas and provides reinsurance for insurers operating in those areas.
Key findings from the latest quarterly 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 trillion
- 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) properties
- provides annual discounts for Home properties for property level mitigation activities of $6.6 million.