Australian Reinsurance Pool Corporation

ARPC is a public financial corporation established by the Terrorism Insurance Act 2003 to administer the terrorism reinsurance scheme, providing primary insurers with reinsurance for commercial property and associated business interruption losses arising from a declared terrorist incident. WHY ARPC EXISTS ARPC was established following the terrorist attacks in the USA on 11 September 2001. After this attack, there was a global withdrawal of terrorism insurance, leaving commercial property in Australia uninsured against terrorist attacks. ARPC was established by the Australian Government with the support of stakeholders in the property, banking, insurance and reinsurance sectors. HOW ARPC SUPPORTS ITS STAKEHOLDERS ARPC provides cost effective reinsurance cover and a framework which can respond following a terrorism attack. It enables the sharing and mitigation of risk in a difficult area where there is a continuing gap in coverage in the commercial market for terrorism insurance. ARPC provides insurance cover of up to $13.6 billion for a Declared Terrorist Incident (DTI), protecting commercial assets with an aggregate exposure of $3.6 trillion. STRATEGIC PRIORITIES • Extend thought leadership and expertise • Embrace and evolve to a changing market environment • Enhance and strengthen the resilience and preparedness of our people and organisation • Engage, understand and collaborate with stakeholders • Provide a world class response to terrorism incidents Please note: The Australian Government has strict guidelines on discrimination and intimidation. We encourage input and interaction on our social media channels. We take a strong stance on deleting content which is discriminatory, hateful or threatening and actions which may offend, insult, humiliate or intimidate. We also moderate comments or posts that promote commercial or political interests, unauthorised events, or radical ideologies. Comment removal is at the discretion of ARPC.