February 2022

February 21, 2022

PCRIC’s Response to the Tongan Volcanic Eruption and Tsunami

Recent images showing the recovery efforts underway in Tonga remind us again of the tragic event which befell our neighbour just over a month ago. The extent of the human cost with lives lost and many families entirely dislocated is […]
February 18, 2022

Special Meeting Held to Discuss Way Forward in Wake of Tongan Volcanic Eruption and Tsunami

As Chairman of the Council of Members of the Cook Islands based Pacific Catastrophic Risk Insurance Foundation (PCRIF), Mr. Shiri Gounder (Permanent Secretary, Fiji Ministry of Economy) recently convened an extraordinary online meeting […]
February 10, 2022

PIFS and PCRIC Roll Out Partnership on Disaster Risk Finance

The Pacific Islands Forum and the Pacific Catastrophe Risk Insurance Company (PCRIC) have confirmed a new partnership which includes the placement of a Forum PCRIC Regional Coordinator to provide advice and capacity building to Pacific Island Countries.
February 4, 2022

PCRIC Updates its Legal Structure into a Segregated Portfolio

The Pacific Catastrophe Risk Insurance Facility Act 2021 (PCRIF Act) has updated PCRIC’s legal structure to permit new and unique risk transfer products to be offered to its Pacific Island country members. The Board and CEO […]