Update on Tropical Cyclone Alfred  

25 March 2025

Australian Reinsurance Pool Corporation (ARPC) has today provided preliminary loss estimates on Tropical Cyclone Alfred which made landfall on the Queensland coast on Saturday 8 March 2025. 

Preliminary modelling conducted by ARPC has estimated that total losses covered by the Cyclone Reinsurance Pool (cyclone pool) are approximately $1.7 billion. This estimate remains fluid and is likely to change as further assessments are conducted and more claims data becomes available.   

The cyclone pool provided cover for damage that occurred between 8:30am AEST on Friday 28 February 2025 and 6:00am AEST to Monday 10 March 2025. The total cyclone pool coverage period for Tropical Cyclone Alfred was close to ten days (237.5 hours). 

ARPC has comprehensive arrangements to pay reinsurance claims to insurers for cyclone events, supported by premiums, reserves and the $10 billion Commonwealth guarantee.  

ARPC Chief Executive Dr Christopher Wallace said: “While it will take some time to gain a clearer picture of the damage following Tropical Cyclone Alfred, our teams remain ready to help insurers process claims and facilitate the recovery process.   

Our teams are well prepared to manage any eligible reinsurance claims arising from this event and ready to assist insurers with submissions, including loss estimate reports and other payments, as required.”  

The cyclone pool provides cover for insurers that offer protection against cyclone and cyclone-related flood damage that occurs while a weather system is classified as a cyclone, and for 48 hours from the time that it is downgraded by the Bureau of Meteorology.  

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