Articles

February 18, 2024

PCRIC Charts the Course Ahead with Retreat 

Due to PCRIC's ongoing expansion and increasing demand, the team gathered for a two-day retreat at the Tanoa Plaza Hotel in Suva, Fiji to chart the company's trajectory. This marked the team's first face-to-face meeting since transitioning to virtual interactions.
February 15, 2024

PCRIC Innovates with First Insurance for Private Foundation – Vatuvara Fiji

In partnership with Willis Towers Watson (WTW) and Fiji-based correspondent broker, Insurance Holdings (Pacific) Pte Ltd., the Vatuvara Foundation Fiji selected PCRIC via a rigorous selection process to administer a groundbreaking parametric insurance product.
February 15, 2024

PCRIC Team Briefs Key Stakeholders on its Product Offerings

The PCRIC Team has recently held a series of bilateral meetings in Suva, Fiji to showcase the current and future products the Company has available to continue its support to building Fiji’s resilience to disasters.
February 12, 2024

PCRIC and Partners Spearhead Inaugural Pacific Region Disaster Risk Finance Workshop for Regional Resilience

The Pacific Catastrophe Risk Insurance Company (PCRIC), in collaboration with the Centre for Disaster Protection (CDP), World Food Programme (WFP), United Nations Capital Development Fund (UNCDF), University of the South Pacific (USP), and Risk-informed Early Action Partnership (REAP), proudly hosted the inaugural Pacific Region Disaster Risk Finance Workshop from February 6th to 8th.
January 29, 2024

PCRIC’s CEO in Strategic Discussions with Tonga’s Prime Minister

The CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu, engaged in fruitful discussions with the Hon. Hu’akavameiliku, the Prime Minister of Tonga. Expressing sincere gratitude, Mr. Palu personally thanked the Prime Minister for his instrumental role as the keynote speaker at PCRIC’s inaugural COP28 side event in Dubai.
January 23, 2024

PCRIC CEO Engages in Dialogue with Tongan Ministry of Finance

Recently, the CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu, held a productive meeting with the Tongan Minister for Finance, Hon. Tiofilusi Tiueti, and the CEO for Finance, Ms. Kilisitina Tuaimei’api.
January 14, 2024

Fiji Pivotal in Pacific Parametric Reinsurance

"Fiji is the Jerusalem of the Pacific - it's been blessed because of its strategic political and financial location in the region," said Aholotu Palu, chief executive officer of the Pacific Catastrophe Risk Insurance Company (PCRIC).
January 13, 2024

COP28 Dubai: Closing the Protection Gap through Premium Support

The Tonga Ministry of Finance (MOF), represented by 'Ana Ika, took part in a panel discussion at a side event titled 'Closing the Protection Gap through Premium Support.' The event, featuring UNCDF, Global Shield Solution Platform, Centre for Disaster Protection, Fiji Government Climate Change Advisor, and PCRIC, concentrated on premium support within the context of climate-vulnerable Pacific countries. The discussion centered on enhancing support for vulnerable communities.
January 5, 2024

PCRIC Welcomes Risk Manager

PCRIC is proud to announce the addition of Ms. Irma Daphney Stone to our team as the newly appointed Risk Manager. Ms. Stone brings with her a wealth of experience in regional and public administration, acquired through notable positions at the Pacific Islands Forum Secretariat, University of the South Pacific, and the South Pacific Tourism Organisation.