January 2023

The Pacific Catastrophe Risk Insurance Company (PCRIC) technical team have been engaged in in-depth discussions with PNG DATACO LIMITED, a state-owned entity in Papua New Guinea that provides wholesale services to the information and communication industry, mandated to build, own and operate the national transmission network.

The Pacific Catastrophe Risk Insurance Company (PCRIC) CEO Mr. Aholotu Palu was recently in Tonga and met with the Minister for Finance, Hon. Tiofilusi Tiueti. 

While in Tonga, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu, was cordially invited by the Senior Development Programme Coordinator of the New Zealand High Commission, Nuku'alofa, Tonga to provide a brief presentation on its role in the Pacific region as a risk pool.

The Pacific Catastrophe Risk Insurance Company (PCRIC) management team recently visited the Cook Islands for the first time to hold a series of high-level meetings with relevant authorities including the Prime Minister and Minister of Finance, Mark Brown.

As Fiji ushered in its coalition government, the Pacific Catastrophe Risk Insurance Company (PCRIC) team offer its felicitations to the newly appointed Fiji Deputy Prime Minister and Minister for Finance, Strategic Planning, National Development and Statistics, Hon. Professor Biman Chand Prasad.

It is with great pleasure that the Pacific Catastrophe Risk Insurance Company (PCRIC) Board Directors and Management team extend their heartfelt congratulations to Mr. Sitiveni Ligamamada Rabuka, Fiji's newly elected Prime Minister.

As one year ends and another begins, the Pacific Catastrophe Risk Insurance Company (PCRIC) team stands ready to continue its mandate as bestowed by the Forum Economic Leaders to serve Pacific Island countries in offering financial protection against disasters.