20.2 million sq. km of ocean
0.53 million sq. km of land
0.02 million km of coastline
13.4 million people
14 countries
1 insurance risk pool
We have impact on the communities of member countries by providing disaster risk finance solutions which:
Current Disaster Risk Policies:
- Cyclone – 6
- Earthquake – 2
- Excess Rainfall – 1
- Drought – no policies as yet.
Distribution:
- Cook Islands – Tropical Cyclone
- Fiji – Tropical Cyclone & Excess Rainfall
- Niue – Tropical Cyclone
- Samoa – Tropical Cyclone & Earthquake
- Tonga – Earthquake / Tsunami & Tropical Cyclone
Total Value of Insurance Coverage (USD):
- Cyclone – $26,445,898
- Earthquake – $9,461,265
- Excess Rainfall – $3,200,000
- Drought – no policies as yet.
People Impacted:
From a baseline of less than 1.0 m people covered by policies in our first year of operation (2016), through persistent representation, product development and innovation to extend our reach and accessibility, PCRIC can today boast of coverage with the potential to touch the lives and livelihoods of over 11m citizens of the Pacific Islands.
Case Studies:
Two payouts made since inception totalling US$8.0m (Tonga: 2018 and 2020).
