Over the coming four years, the Australian Reinsurance Pool Corporation (ARPC) is planning to strengthen delivery of Australia's terrorism and cyclone reinsurance pools, while making greater use of its unique data and insights to support risk mitigation and resilience.
In its 2026-30 Corporate Plan, ARPC also noted that it will continue to focus on its core purpose of providing public reinsurance that supports the accessibility and affordability of insurance for the Australian community.
ARPC will also build its capability to turn the unique information generated through its reinsurance pools into insights that can help government, industry and communities better understand terrorism and cyclone risk over the coming four years.
“Effective and sustainable public reinsurance remains at the heart of what ARPC does,” said ARPC Chief Executive Dr Christopher Wallace
ARPC’s strategic priorities for 2026-30 are to:
- Deliver efficient, effective and sustainable reinsurance to insurers.
- Build and share data, analytics and insights to support understanding of terrorism and cyclone risk.
- Support risk mitigation initiatives to put downward pressure on cyclone premiums and support a disaster-resilient Australia.
- Continue to build capability and a customer and risk-focussed culture to drive ongoing improvements in performance.
The Corporate Plan comes as ARPC’s cyclone reinsurance pool continues to demonstrate its role in supporting communities exposed to cyclone risk.
Since the pool commenced in July 2022, ARPC has paid more than A$1bn ($718m) in claims, while average home insurance premiums in the highest cyclone-risk areas have fallen by up to 37%.
ARPC’s 2026-2030 Corporate Plan can be accessed here.