Interest in Disaster Insurance Subsidies

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.

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