2022
November 5, 2022
Last week, the Pacific Catastrophe Risk Insurance Company (PCRIC) team along with Dr. Simon Young, co-head of the Disaster Risk Finance and Parametrics team in the Climate and Resilience Hub at Willis Towers Watson (WTW), paid a courtesy call to Tonga’s newly appointed Finance Minister, Hon. Tiofilusi Tiueti. Also in attendance was the Deputy CEO of the Ministry, Ms. Saane Lolo.
November 5, 2022
Last week, at the request of the Pacific Catastrophe Risk Insurance Company (PCRIC) and on behalf of the Kingdom of Tonga, the National Emergency Management Office (NEMO) convened a group of stakeholders to consult regarding the parametric drought insurance product which is being developed by PCRIC with the support of the global risk advisory company, Willis Towers Watson (WTW).
November 5, 2022
The ultimate governance body for the Pacific Islands region’s only provider of sovereign disaster risk insurance held their highly anticipated bi-annual meeting recently on the side-lines of the World Bank and IMF Annual Meetings in Washington DC.
November 5, 2022
Thursday, 13th October marked this year’s International Day for Disaster Risk Reduction, an initiative of the United Nations intended to promote a global culture of risk-awareness and disaster reduction and commemorated each year
on 13th October.
November 5, 2022
The management team of the Pacific Catastrophe Risk Insurance Company (PCRIC), the Pacific Islands region’s only provider of sovereign disaster risk insurance, are currently in Washington DC in preparation for the bi-annual Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting.
November 5, 2022
Speaking ahead of a series of meetings with the V20 in
Washington DC, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu, said he
was immensely honoured to be invited as an observer to the ninth V20 Ministerial Dialogue to be
hosted by the International Monetary Fund (IMF) in Washington DC on October 16, 2022.
November 5, 2022
Commenting on the recent US–Pacific Islands Country Summit held in Washington DC, CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu, said that with the release of the first ever Pacific Partnership Strategy for the United States, the Summit represented a true watershed moment in US relations with the region.
November 5, 2022
Following the extraordinary decision by the World Bank to close, with effect from the end of 2022, the PCRAFI project that supported the Pacific Islands region’s only sovereign disaster risk insurer, senior company representatives and the Board of Directors of the Pacific Catastrophe Risk Insurance Company (PCRIC) met in Auckland last week to chart a new course for the company.
November 2, 2022
At the invitation of the Economic and Social Commission for Asia and the Pacific (United Nations ESCAP) subregional office for the Pacific, the Pacific Catastrophe Risk Insurance Company (PCRIC) took advantage of the opportunity to exchange knowledge and ideas with distinguished peers.