PCRIC Explores Partnership Dialogue with the Green Climate Fund
28 February 2026
4 Leading Development Pools Commit to Unique Joint Collaboration
4 March 2026
Facing persistent calls from the most vulnerable nations for greater levels of climate risk protection, PCRIC together with regional risk pools covering Africa, the Caribbean and SE Asia participated in high-level dialogue with a range of partner organisations to consider the concept of a joint reinsurance platform for climate risk protection through sovereign risk pools.
Convened at the Rockefeller Foundation Bellagio Center, Italy over 23rd-27th February, discussions focused on the vision, the enabling factors, and the next steps to establishment of the platform. Such a platform would leverage the existing collaboration between the risk pools and work to bring down costs and scale up coverage for member countries.
PCRIC’s participation ensured that the voice of the Pacific region was equally represented on the global stage, further reinforcing its role as regional leader in the area of climate and disaster risk financing. The opportunity was also taken to highlight PCRIC’s disaster risk finance education programmes and further explore potential partnerships with the other risk pools and development partners.
Efforts to establish the joint reinsurance platform will continue.
