Australia's cyclone pool now reinsures approximately 3.2m properties, representing more than A$2.4tn ($1.68tn) in building exposure across Australia.
According to the latest quarterly Cyclone Reinsurance Pool statistics, as of 31 March 2026, from the Australian Reinsurance Pool Corporation (ARPC), on top of a newly onboarded insurer during 1Q2026, total annual cyclone pool premiums are approximately A$659m across home, strata and SME policies.
Other findings include:
- The average annual cyclone pool premium is around $191 for home, $801 for strata and $240 for SME risks. Premium levels remain broadly stable, with recent movements largely reflecting changes in sums insured and portfolio mix.
- The pool supports approximately 3m home buildings, 72,500 strata buildings and more than 101,000 small business buildings.
Claims activity
As of 31 March 2026, the cyclone pool has received more than 129,000 claims with a total net incurred value of approximately A$1.53bn.
Claims experience continues to be influenced by significant cyclone events, particularly tropical cyclone Alfred, which remains the largest event recorded by the cyclone pool to date. Alfred accounts for almost 116,000 claims and more than A$1.3bn in net incurred losses, highlighting the cyclone pool’s role in providing reinsurance support to insurers following major natural disasters.
Mitigation and resilience
The cyclone pool continues to encourage household resilience through premium discounts for eligible mitigation measures. As of 31 March 2026, approximately A$9.4m in mitigation discounts had been applied to in-force premiums, supporting policyholders who have invested in measures to better withstand cyclone impacts.
ARPC expects uptake of mitigation measures to increase over time as insurers continue to enhance the collection of mitigation data and policyholders respond to the incentives available through cyclone pool pricing.
Mitigation discounts were also introduced for strata properties from April 2025, with reporting on uptake expected in future publications.
Coverage insights
All properties reinsured through the cyclone pool include cyclone wind cover. Coverage for flood remains strong across home policies, with approximately 87% of home buildings and 89% of home contents policies including flood cover. Storm surge coverage varies by region and insurer offering.
Premiums continue to reflect underlying cyclone risk, with the highest average premiums generally observed in the most cyclone-exposed regions of northern Queensland and northern Western Australia.