April 2024
April 25, 2024
Following the closure of the PCRAFI project, PCRIC continues to value the partnership with the World Bank in the Disaster Risk Finance space. As part of deepening stakeholder engagement along with seeking financial and technical support, the PCRIC Team had a series of bilaterals at the margins of the 2024 World Bank Spring Meetings held in Washington, D.C., from 15th - 20th April.
April 22, 2024
During the inaugural Climate Risk Finance Forum (CRFF) held in Frankfurt, Germany organised by the Frankfurt School of Finance & Management and the Global Shield Solutions Platform (GSSP), PCRIC CEO Mr. Aholotu Palu, received a €10 million cheque from the GSSP to use as premium subsidies for Pacific Island Countries when they purchase a policy from PCRIC.
April 7, 2024
The Pacific Catastrophe Risk Insurance Company (PCRIC) and the United Nations World Food Programme (WFP), have signed a Memorandum of Understanding (MoU), marking a major advancement in disaster risk financing initiatives for the Pacific region. The MoU was signed by PCRIC's CEO, Aholotu Palu, and the WFP Deputy Executive Director and Chief Operating Officer, Carl Skau.
April 7, 2024
There is growing interest from the world’s more developed countries to subsidise premiums for developing nations that wish to insure themselves against natural disasters, said Pacific Catastrophe Risk Insurance Company (PCRIC) chief executive officer Aholotu Palu. PCRIC, a company collectively owned by Pacific island countries that are members of the PCRIC council, which includes Fiji, was up in 2016 and now helps its member countries to insure themselves against natural disasters on a collective level.
April 7, 2024
Mr. Aholotu Palu, the CEO of PCRIC will lead a PCRIC delegation comprised of Risk Manager (Ms. Daphney Stone), Actuarial Specialist (Mr. Richard Poulter), and Premium Strategist (Mr. Charles Owen) to the first Climate Risk Finance Forum (CRFF) hosted by the Frankfurt School of Finance & Management and the Global Shield Solutions Platform (GSSP) in Frankfurt, Germany from 11th to 13th April.