Company: Australian Reinsurance Pool Corporation Page 1 / 1
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- November 18 2024
Tugu Re’s property, credit businesses adds volatility as 2023 COR rises to 107%: Fitch
The global rating agency has affirmed Tugure’s rating at 'A+(idn)' with a stable outlook.
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- October 28 2024
Insurers cover 99% of eligible under cyclone pool scheme: ARPC
The annual in-force cyclone pool premiums were approximately US$343m for home policies, US$34m for strata and US$16m for SME policies.
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- October 22 2024
Cyclone pool earned premiums ‘significantly’ lower than expected: ARPC
The 2024 Financial Outlook Report by the Australian Reinsurance Pool Corporation stated that the cyclone pool recorded an overall surplus of US$291m in FY 2024.
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- September 30 2024
ARPC to raise premium rates for cyclone reinsurance pool
The 2024 pricing review of the cyclone pool premium rates targets the introduction of premium discounts for strata properties and maintaining the price algorithm to rate for new addresses registered since the previous review and address insurer feedback to make the pricing algorithm more consistent with market practise.
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- September 18 2024
Australia’s reinsurance pool led to a 21% fall in home premiums: study
The study by an MIT researcher claims that public reinsurance is a cost-effective policy solution for rehabilitating insurance markets affected by catastrophic climate risks.
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- September 6 2024
Extension of cyclone pool coverage period to 7 days would increase average annual loss by 5%: ARPC
The Australian cyclone pool will need to collect additional premiums through rate increases to cover the increased claims costs if such a change was made, the pool's administrator said.
