Articles

December 5, 2022

PCRIC Offers Innovative Disaster Risk Finance Solutions at COP27

Settling in well at the Sharm El Sheikh International Convention Centre, Egypt, the CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu’s first official engagement at COP27 was the attendance of a panel discussion guided by the theme, ‘Disaster risk finance for extreme weather in Small Island Developing States: linking anticipatory action, rapid response and debt restructuring.’
December 4, 2022

PCRIC to add prompt payment trigger for parametric drought cover

Aholotu Palu, CEO of Pacific Catastrophe Risk Insurance Company (PCRIC), has said that his firm is in discussion with stakeholders about a parametric drought insurance product with an early payment trigger.
December 4, 2022

PCRIC Meets with AON Representative at COP27

Remaining especially active during the COP27 Conference, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO Mr. Aholotu Palu was able to meet up with the representative for Aon, a multinational financial services firm that sells a range of risk-mitigation products where they possess a particularly strong presence in the Pacific Islands.
December 4, 2022

PCRIC Reaches out to the Solomon Islands Following Earthquake

As the region’s own specialist provider of sovereign Disaster Risk Management solutions, the Pacific Catastrophe Risk Insurance Company (PCRIC) was concerned to hear of the 7.0 magnitude earthquake which struck the Solomon Islands on Tuesday afternoon. The powerful tremor knocked out electricity and communications in the capital city and was accompanied by several aftershocks.
November 23, 2022

Risk pools ARC, CCRIF and PCRIC agree to partnership at COP27

Global risk pools African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (formerly The Caribbean Catastrophe Risk Insurance Facility) and Pacific Catastrophe Risk Insurance Company (PCRIC) have agreed to a partnership at the recent COP27 climate conference.
November 23, 2022

Revealed at COP27: PCRIC to offer early-trigger drought protection to Pacific countries

Pacific Catastrophe Risk Insurance Company (PCRIC) will launch an early-trigger drought protection product to Pacific countries.
November 23, 2022

PCRIC to add early payout triggers for parametric drought cover

Aholotu Palu, CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), has said that his firm has been in discussion with stakeholders regarding a parametric drought insurance product with early payout triggers.
November 23, 2022

PCRIC Speaks at GRMA COP27 Panel

With the ever-present need for sovereign nations to employ the best possible risk management strategies in the face of the increased occurrence of natural hazards, the Global Risk Modelling Alliance (GRMA) panel discussions held at the V20 Pavilion during the recent COP27 event in Egypt, attracted significant interest.
November 23, 2022

PCRIC Meets with Top ACP Representative

The Pacific Catastrophe Risk Insurance Company (PCRIC) team met with the Assistant Secretary-General, Organisation of African, Caribbean and Pacific States (ACP) Secretariat, Environment and Climate Action, Ms. Cristelle Pratt at the sidelines of the COP27 conference.