Australia
Australia Title
Australian Reinsurance Pool Coorporation (ARPC)
Description Australia
ARPC is an Australian public financial corporation and Treasury portfolio agency established in 2003 to provide terrorism risk reinsurance. From 1 July 2022, ARPC began operating as a reinsurance pool for cyclones and related flood damage, under the Terrorism and Cyclone Insurance Act 2003 (TCI Act).
ARPC supports insurers to deliver affordable terrorism and cyclone insurance in Australia. ARPC’s purpose is to “through reinsurance, improve the accessibility and affordability of insurance for the Australian community for terrorism and cyclone risk”.
News and Events Australia
News and Events
29 March 2025
As notified by the Bureau of Meteorology (Bureau), on 29 March 2025 at 4:33 PM (AEDT), ARPC wishes to advise that the following cyclone event has ended as a declared cyclone event for the purposes of the Terrorism and Cyclone Insurance Act 2003
26 March 2025
You may have seen that the Bureau of Meteorology (Bureau) named Tropical Cyclone (TC) Courtney, that formed in the Indian Ocean, on 26 March 2025. It is the eighth cyclone to be named for the 2024/25 cyclone season in the Australian region.
Statistics Australia
ARPC has analysed insurer quote data to assess the Cyclone Reinsurance Pool premiums against legislative objectives. Average policyholder premiums for the highest cyclone risk bands decreased by 38 per cent from pre-cyclone pool premiums to January 2024. Over the same period, quote success rates have increased for policies with high cyclone risk. This analysis suggests that the cyclone pool is improving insurance affordability and availability in high cyclone risk areas.
https://arpc.gov.au/