Introducing property coverage that responds to cyber terrorism will be considered as part of the Australian Reinsurance Pool Corporation’s (ARPC) research on digital threats.

The ARPC announced its year-long Insurance Risk Assessment of Cyber Terrorism in Australia last week.

Current and prospective threats and plausible scenarios are other areas of focus.

“Business insurance policies and the ARPC scheme currently exclude coverage for acts of cyber terrorism that affect commercial and high-value residential property in Australia,” CEO Chris Wallace said. “The ARPC expects the cyber-research findings to inform development of government policy in this important area, including the three-year review of the terrorism insurance scheme by the Treasury.”

The University of Cambridge’s Centre for Risk Studies and the OECD have been commissioned to undertake the research with the ARPC.