February 2024

Following the recent inaugural Pacific Region Disaster Risk Finance Workshop held earlier this month in Fiji, representatives from Nauru attended, paving the way for a subsequent visit by a mission team from PCRIC to the island nation.

Due to PCRIC's ongoing expansion and increasing demand, the team gathered for a two-day retreat at the Tanoa Plaza Hotel in Suva, Fiji to chart the company's trajectory. This marked the team's first face-to-face meeting since transitioning to virtual interactions.

In partnership with Willis Towers Watson (WTW) and Fiji-based correspondent broker, Insurance Holdings (Pacific) Pte Ltd., the Vatuvara Foundation Fiji selected PCRIC via a rigorous selection process to administer a groundbreaking parametric insurance product.

The PCRIC Team has recently held a series of bilateral meetings in Suva, Fiji to showcase the current and future products the Company has available to continue its support to building Fiji’s resilience to disasters.

The Pacific Catastrophe Risk Insurance Company (PCRIC), in collaboration with the Centre for Disaster Protection (CDP), World Food Programme (WFP), United Nations Capital Development Fund (UNCDF), University of the South Pacific (USP), and Risk-informed Early Action Partnership (REAP), proudly hosted the inaugural Pacific Region Disaster Risk Finance Workshop from February 6th to 8th.