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Announcing the release of its 2023 Annual Report, the PCRIC Board commended the PCRIC Management team for the accomplishments reflected throughout the document.
As a growing and ever-evolving business, PCRIC has without question enjoyed its best ever year during 2023. The Company’s efforts have yielded significant results, including the addition of Fiji and Niue as new members of the Pacific Catastrophe Risk Insurance Foundation (PCRIF) through policy purchases. Additionally, Papua New Guinea has joined as a new observer nation through the innovative parametric insurance policy acquired by PNG DataCo for their submarine fibre optic cable network – a ‘world first.’
A highlight of the report is the ‘Year in Review’ which provides a broad view of PCRIC’s commitment to excellence and innovation in the field of disaster risk finance by showcasing the many activities and accomplishments of the team throughout the year.
PCRIC remains steadfast in its mission to provide fit-for-purpose disaster risk financing solutions to the Pacific region. The successes realised throughout 2023 ensure the Company is poised to continue its trajectory of growth, reinforcing its position as a leader in the DRF field in the Pacific Islands region.
The PCRIC Board and Management team look forward to building on this momentum in 2024 and beyond, further expanding reach and impact. PCRIC thanks its donors, partners and stakeholders for their continued support as it strives to help Pacific Island nations become more resilient to the financial impact of catastrophic natural and climate disasters.
The PCRIC 2023 Annual Report can be viewed here: https://pcric.org/wp-content/uploads/2024/06/PCRIC-AR-2023_EXPORT-Web1.pdf
