December 18, 2023

PCRIC’s Regional Role in Pacific Resilience Highlighted at UNESCAP Forum 

Recently, PCRIC was invited to participate in the UNESCAP’s 7th Pacific Forum on Sustainable Development. The Management Team, represented by CEO Mr. Aholotu Palu and Regional Coordinator Ms. Akosita Drova, attended the hybrid event in-person which was held at the Pacific Islands Forum Secretariat (PIFS).
December 11, 2023

Navigating Resilience: PCRIC’s COP28 Side Event on Parametric Insurance

PCRIC successfully hosted its inaugural side event at COP28 in Dubai, themed ‘Embedding Parametric Insurance in the DRF Toolkit at COP28.’ The event, held at the Blue Pacific Pavilion and supported by the Pacific Islands Forum Secretariat (PIFS) & the Secretariat of the Pacific Regional Environment Programme (SPREP), featured distinguished panelists. 
December 11, 2023

PCRIC Shares Valuable Insights at COP28 with Fellow Risk Pools

In a collaborative endeavor to tackle climate and disaster risks, PCRIC, along with regional risk pools including the African Risk Capacity Ltd., CCRIF SPC, and SEADRIF Insurance Company, co-hosted a joint side-event on the sidelines of the COP28 summit.
December 5, 2023

Regional Risk Pools Unite Under Global Shield’s Banner

PCRIC, alongside other prominent regional risk pools—ARC Ltd, CCRIF SPC, and SEADRIF—played a pivotal role on the panel during the launch of the Global Shield Programme for Resilient Risk Pools at COP28 in Dubai. This landmark event also marked the first-ever meeting of the heads of these risk pools with Mr. Yoshihiro Kawai, Chair of the SEADRIF Board.
November 17, 2023

PCRIC Participates in Inaugural Asia Risk Roundtable

Recently, PCRIC’s Finance & Planning Manager, Mr. Pankaj Singh represented the company virtually as a discussant in the inaugural Asia Risk Roundtable hosted by the Global Asia Insurance Partnership.
November 8, 2023

Niue Invests in Disaster Resilience with PCRIC Insurance

Joining a growing number of governments throughout the Pacific region intent on ensuring a greater capacity to withstand the financial impact of natural disasters on their nations, the Government of Niue recently secured valuable coverage for the island nation through purchase of a tropical cyclone parametric insurance policy provided by PCRIC.
November 1, 2023

Fiji Strengthens Disaster Resilience with PCRIC Insurance Partnership

A significant milestone has just been reached in the Fiji Government’s pursuit of an improved capacity to respond to the financial impact of natural disasters upon the nation. After the recent signing of a Commitment Letter at the PCRIF Council of Members meeting held in Morocco on the margins of the World Bank/IMF Annual Meetings on October 9th, Fiji has now firmly established the nation’s participation in PCRIC’s tropical cyclone and excess rainfall parametric insurance program with the signing of the PCRIC Parametric (Agreed Valuation) Insurance Policy documents yesterday in Suva.
October 25, 2023

PCRIF Council of Members Endorse PCRIC Premium Support Strategy

The recent Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting held in hybrid mode in Morocco was of particular significance, as it marked a pivotal moment where the proposed long-term premium financing strategy was presented for approval.
October 23, 2023

PCRIC Partners with Regional Risk Pools to Facilitate Strategic Engagement

A Sovereign Risk pool summit took place on October 5, 2023 in London, UK, to facilitate strategic engagement across representatives of the African Risk Capacity Ltd, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) including Central America, the Pacific Catastrophe Risk Insurance Company, and the Southeast Asia Disaster Risk Insurance Facility.  Together, the Sovereign Risk pools have been established to serve sovereign climate and disaster risk insurance objectives of nearly 100 nations globally.