Australian Government
Australian Reinsurance Pool Corporation
Under The Cover -  Autumn 2008  - No. 2008/02
IN THIS ISSUE:
•	Message from the CEO
•	Market release – RISe
•	Investigation of possible retrocession facility
•	‘A moment with …Paul Brand’
•	Q & A
•	Thought for the day•	

Message from the CEO
Welcome to the Autumn edition of ARPC’s newsletter.
I am delighted to announce the release of ARPC’s new client communication system: RISe. ARPC is committed to providing clients with the most effective and efficient means of communicating with it. To this end, ARPC has worked with its partner, Axe Group, to develop a new software system to integrate the information which clients are obliged to provide to ARPC. The new site is a one stop shop for clients to submit information on premiums, annual aggregate reports, loss estimates, claims and contact details. The new site is intuitive, secure and an effective means of communicating with ARPC. I encourage all clients to become familiar with RISe and its capabilities.
I would like to take this opportunity to congratulate all those involved in the project, from ARPC, the Axe Group and the Department of the Treasury. The project has been a significant one and all involved have worked hard to ensure its success. I would particularly like to thank ARPC’s RISe project manager, Paul Brand, whose professionalism ensured the smooth running of the project, and Natasha Percival, whose attention to detail was invaluable.
Paul is the subject of this month’s “A moment with …” segment.
Also in this edition is a report on the investigation currently being conducted into a possible retrocession facility for the pool.
I hope you find the newsletter of interest. If there is an issue which you would like to see discussed in future editions, please contact Michael Pennell at (mpennell@arpc.gov.au). 

Neil E Weeks
CEO

Market release – RISe
ARPC is pleased to announce that the first production version of RISe (Reinsurance Information System) is now available for the submission of the March quarter premium return. The reinsurance premium payment for the March quarter is due by 30 April.
This new system provides an effective yet simple method for clients to submit information within a secure and friendly environment. 
Clients now log into a secure website, and submit information required by ARPC by uploading:
•	quarterly premium returns;
•	aggregate reports (previously submitted in ARAS);
•	loss estimates; and
•	claims.
This consistent method of communicating with ARPC will continue to improve the service provided to our clients.
In addition, the following reports are available for clients to download:
•	prior premium returns,
•	a client’s ‘market share’ based on information clients have submitted to ARPC. This is given as a percentage of the total aggregate for premiums, exposures, and, in the event of a DTI, claims.
The ARPC web site provides a more detailed overview of the functionality available to clients including a user manual and the link into the system.
If you wish to arrange for a walkthrough of uploading your March quarterly premium return, please contact either:
•	Paul Brand on +61 2 6279 2108; via email paul.brand@arpc.gov.au or 
•	Natasha Percival on +61 2 6279 2109; via email natasha.percival@arpc.gov.au
Steps to accessing RISe
•	Contact either Paul Brand or Natasha Percival to obtain your new user name and temporary password which you will need to login to RISe 
•	Access the updated ARPC website http://www.arpc.gov.au/content/rise.asp?NavID=10 and follow the link to RISe
•	Logon to RISe using your new user name and temporary password, follow the prompts to obtain your permanent password
March Quarter premium return submissions
•	Download a copy of the new quarterly premium template (which you will need to use when uploading submissions) from the ‘Download Templates’ section of RISe
•	Complete your submission
•	Upload your March quarterly premium return submission
You no longer need to email or fax your quarterly premium returns to the ReCentre or ARPC. Once you have uploaded your return RISe generates a report to both ARPC and the ReCentre.
Investigation of a possible retrocession facility
To implement a recommendation made by the review of the scheme undertaken in 2006, which was designed to encourage greater involvement of the commercial insurance market in providing terrorism insurance cover in Australia, ARPC is about to formally investigate the availability of terrorism reinsurance. Having engaged the services of Guy Carpenter Ltd, ARPC plans to approach reinsurers for support of a possible terrorism retrocession facility covering risks within ARPC’s portfolio. The investigation will attempt to determine the available capacity and the actual pricing of terrorism insurance for Australian risks. This information will be analysed by ARPC and Guy Carpenter prior to any recommendation being made to ARPC’s Board concerning the possibility of purchasing terrorism reinsurance for the pool.
A moment with … Paul Brand
Paul is originally from Western Australia and moved to Canberra in 2005 with his wife, Renee, and their two children, Jesse and Aimee. Paul joined ARPC in May 2006 after spending some time on a SAP implementation project with a large government department. Paul is a qualified accountant as well as an experienced business analyst and project manager. His largest project with ARPC to date is the RISe development and implementation project. Paul also assists the CFO in the accounting month end and financial year end statements and management reports.
Paul and Renee plan to stay in Canberra to raise their two children and enjoy the great outdoors lifestyle Canberra has to offer. Being keen mountain bikers Canberra is an ideal choice. Also, with easy access to the south coast Paul can continue to keep in touch with his first passion of surfing whenever he can.
Contact update
If there are additional people in your organisation who wish to receive a copy of our newsletter (for example, CFO or accounting personnel), or your nominated ARPC contact person changes, please forward their details to Sue Coates at scoates@arpc.gov.au  to enable us to update our newsletter database.
Q & A
Q	To what extent is an insurance contract which provides cover to parties in a “public / private partnership” consortium an eligible insurance contract for the purposes of the Terrorism Insurance Act 2003?
A	By reason of the Terrorism Insurance Act 2003 and the Regulations made under that Act a contract of insurance is not an eligible insurance contract to the extent it provides cover to the Crown in the right of a state or territory, or a minister or department of a government of a state or territory. Consequently, an insurance contract which provides cover to the Crown, a minister or a department and a private sector entity is not an eligible insurance contract to the extent that it provides cover to the Crown, a minister or a department, but may be an eligible insurance contract (if it otherwise meets the definition in section 7 of the Act) to the extent it provides cover to the private sector entity.
Thought for the day
I have the simplest tastes. I am always satisfied with the best.
	Oscar Wilde