ARPC's proposed risk-mitigation tool gets the nod

ARPC's proposed risk-mitigation tool gets the nod | Insurance Business


The Australian Reinsurance Pool Corporation's (ARPC) proposal for the development of a plain English handbook to support proactive risk management of large-scale infrastructure has been approved by Standards Australia.

ARPC CEO Christopher Wallace said the proposed Physical Protective Security Treatments for Buildings Handbook “will help owners and operators to assess their risks and plan and implement treatment measures to protect valuable assets against terrorist attacks and other malicious acts.”

The project, to be developed with the support, expertise, and participation of the insurance industry as well as other stakeholders and/or representative bodies, is aligned with ARPC’s strategic priorities to support and promote terrorism-risk mitigation and to provide a world-class response to terrorism incidents, Wallace said.

The handbook will reference existing standards, ISO documents, federal government advice, and industry expertise, and will be specifically focused on facilitating improved risk assessment, prevention, and treatment methodologies for physical security risks to businesses.

“Leia Homer, ARPC manager, terrorism risk mitigation, and Michael Pennell, ARPC chief underwriting officer, look forward to collaborating with Standards Australia and its appointed technical committee, to produce a unique and valuable risk-mitigation tool for publication by Standards Australia,” Wallace said.


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