PCRIC Welcomes Back Vanuatu as a Policyholder

PCRIC is excited to welcome the nation of Vanuatu back as an active policyholder. For the 2024-2025 season, Vanuatu has secured coverage with a tropical cyclone, earthquake, and tsunami policy, reaffirming its commitment to robust disaster risk management.

PCRIC commends Vanuatu for its assertive decision to enhance its suite of disaster risk financing (DRF) instruments by re-engaging with PCRIC’s parametric insurance and risk pooling programme. These policies will assist Vanuatu in closing the financial protection gaps against natural disasters which enables the island nation to receive an immediate payout if an applicable event occurs.

This decision not only marks an expansion of PCRIC’s membership and business portfolio but, more importantly, reflects a strong vote of confidence in PCRIC as the leading provider of DRF products and services in the Pacific region.

With Vanuatu’s renewed partnership, PCRIC proudly strengthens its position on the global stage, confidently advocating for innovative and tailored financial solutions to address the urgent needs of the region’s most vulnerable nations.