Articles

Concurrent with the Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting held in Morocco on the margins of the World Bank / IMF Annual Meetings, Fiji achieved a significant milestone by signing its Commitment Letter to participate in PCRIC’s tropical cyclone and excess rainfall parametric insurance program. This signified Fiji's steadfast commitment to strengthening the nation's resilience against such potential perils.

Last week marked a significant event for the Pacific Catastrophe Risk Insurance Company (PCRIC) team, as they joined fellow regional risk pools, the African Risk Capacity Limited (ARC Ltd), the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF), at the 2023 Risk Pool Summit held in London.

While in New York, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu, delivered an intervention at the United Nations Secretary General’s Special Meeting on Loss and Damage.

The Pacific Catastrophe Risk Insurance Company (PCRIC) recently participated in an invite only roundtable dialogue where key stakeholders discussed the possibility of a loss and damage financing facility for V20 small island developing states (SIDS).

In an historic occasion for the Pacific Catastrophe Risk Insurance Company (PCRIC), the CEO, Mr. Aholotu Palu, represented the company at the Clinton Global Initiative (CGI) 2023 Meeting in New York.

Recently, the Pacific Catastrophe Risk Insurance Company (PCRIC) team conducted virtual meetings with key representatives of the Government of Niue (GON) comprising the Financial Secretary, Secretary of Government & the Deputy Secretary of Government.

Last week, the Pacific Catastrophe Risk Insurance Company (PCRIC) took a significant step forward by signing an MoU with The Pacific Community (SPC). This milestone marks the beginning of a promising collaboration, with a primary focus on areas of mutual interest shared by these two regional organizations.

The Pacific Catastrophe Risk Insurance Company (PCRIC)’s Catastrophe Risk Modelling Expert, Dr. Paul Wilson, was invited to speak at a session co-convened by WTW (formerly Willis Towers Watson) part of the University College London’s conference on ‘Creating Effective Warnings For All.’

During the recent Melanesia Sub-Regional Private Sector Climate Finance Workshop held in Honiara, Solomon Islands late August, the Pacific Catastrophe Risk Insurance Company (PCRIC) Finance & Planning Manager, Mr. Pankaj Singh, represented the company.