Disaster Risk Protection a Key Focus of PNG Country Mission
3 April 2025
PCRIC Team to Attend 2025 Climate Risk Finance Forum in Frankfurt
8 April 2025
PCRIC CEO, Mr. Aholotu Palu, will attend the third Risk Pools CEO Summit on April 9th at the Frankfurt School of Finance & Management in Germany. Hosted by the Global Shield Solutions Platform (GSSP), the summit reunites leaders from regional risk pools to advance disaster risk financing solutions.
The event will explore a new facility to support risk pools while focusing on shared data, analytics, research, and reinsurance capacity. The planned discussions will shape the new facility’s development, currently funded under Phase 1 of the GSSP grant agreement. Led initially by CCRIF SPC, another key focus is the grant’s implementation which includes a workplan, budget, and timeline all to be finalised. The CEOs will also plan quarterly meetings and consider rotating responsibilities beyond Phase 1.
Securing donor capital and premium support amid global shifts is a priority. Leaders will strategise engagement with GSSP, the GS Secretariat, and COP 30 to enhance funding access. Mr. Palu stated, “This summit is an important initiative to strengthen our collective ability to protect Pacific communities against climate risks.”
PCRIC’s participation reflects its role in delivering rapid parametric insurance across the Pacific, supported by donors Germany, the UK, Japan, and the US. Outcomes will bolster resilience for the region’s disaster-prone nations.
