Insurance pools

seadrif-pcric-collaborate-with-global-peers-on-us5-3m-disaster-risk-financing-project

SEADRIF, PCRIC, global peers secure US$5.3m grant grant to boost joint climate resilience efforts

April 16 2025

Grant agreement looks to strengthen global collaboration among regional risk pools, enhance technical capacity, and improve access to risk capital.

committee-flags-shortcomings-in-australias-cyclone-reinsurance-pool-calls-for-structural-reforms

Joint Select Committee urges changes to Cyclone Reinsurance Pool

March 28 2025

Recommendations include extension of 48-hour rule, enhanced resilience measures, and potential inclusion of marine insurance.

arpc-issues-preliminary-a1-7bn-loss-estimate-for-ex-tropical-cyclone-alfred

ARPC estimates reinsurance pool will cover A$1.7bn in Cyclone Alfred losses

March 25 2025

Estimate remains fluid and is likely to change as further assessments, more claims data become available, the corporation said.

ica-releases-industry-action-plan-addressing-flood-inquiry-code-review

ICA releases insurance industry action plan addressing flood inquiry, code review

March 18 2025

Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.

Blue Marble launches reinsurance facility to expand global parametric capacity

March 4 2025

Facility aims to expand protection for underserved communities, including in Asia, and is backed by Zurich and global reinsurers.

australias-cyclone-pool-reaches-a2-17-trillion-in-coverage-as-of-september-2024

Cyclone Pool covers nearly A$2.17 Trillion in aggregate building exposure: ARPC

February 26 2025

The pool has grown to cover over 3.1 million Australian buildings, but risk mitigation uptake remains low despite available premium discounts.

seadrif-fao-and-asean-nations-to-assess-southeast-asia-agricultural-risk-finance-facility

SEADRIF, FAO and ASEAN nations explore Southeast Asia agricultural risk finance facility

February 26 2025

The proposed facility aims to enhance climate resilience in Southeast Asia’s agricultural sector by addressing funding gaps and improving access to risk finance solutions.