Articles
August 11, 2023
In addition to conducting bilateral meetings with various Pacific Island Countries (PICs) during the 2023 Forum Economic Ministers Meeting (FEMM), the Pacific Catastrophe Risk Insurance Company (PCRIC) Board Chair, Ms. Sarah Jane Wild and the Management Team met with the V20 Global Lead, Ms. Sara Jane Ahmed.
August 10, 2023
The Pacific Catastrophe Risk Insurance Company (PCRIC) Board of Directors and Management Team held their second face-to-face meeting in Suva, Fiji at the Pacific Islands Forum Secretariat.
August 10, 2023
Next week, the Pacific Catastrophe Risk Insurance Company (PCRIC) team will embark on a country mission to Tonga. This visit will hold multifaceted objectives, each geared towards enhancing disaster resilience and fostering collaboration.
August 10, 2023
Among the bustling discussions and networking at the 2023 Forum Economic Ministers Meeting (FEMM), the Pacific Catastrophe Risk Insurance Company (PCRIC) team met with the Acting Deputy Secretary of the Papua New Guinea Department of Treasury, Mr. John Uware.
August 9, 2023
Amidst the 2023 Forum Economic Ministers Meeting (FEMM) currently being held in Suva, Fiji, the Pacific Catastrophe Risk Insurance Company (PCRIC) team engaged in a bilateral meeting with the Hon. Tiofilusi Tiueti, Tonga's Minister of Finance.
July 22, 2023
The Pacific Catastrophe Risk Insurance Company (PCRIC) was invited to attend the inaugural Pacific Loss and Damage Dialogue held in Apia, Samoa. PCRIC’s Regional Coordinator, Ms. Akosita Drova, represented the company.
July 22, 2023
During a breakfast meeting with Pacific representatives at the second workshop addressing Loss and Damage (L&D), the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu, engaged in fruitful discussions on the crucial funding arrangements for the L&D facility.
July 21, 2023
The Pacific Catastrophe Risk Insurance Company (PCRIC) was invited to attend the second workshop addressing Loss and Damage (L&D) held in Bangkok, Thailand. The CEO, Mr. Aholotu Palu, represented the company. The invitation resulted from his participation at the recent UN Climate Change second Glasgow Dialogue (GD2) held in Bonn, Germany, last month.
July 20, 2023
"With the nation’s already stretched budget dollar unable to accommodate any more additional cost, let alone unexpected ones, the decision by government to finally invest in a climate-based parametric insurance policy has been seen as a move in the right direction. Under the Cat-in-a-Circle product, Government is eligible to receive a payout for cyclones Category 3 and above. An allocation of $2.5 million has been set aside in the 2023-2024 Budget for the subscription of parametric insurance cover. However, Government is in discussion with development partners on the possibilities of premium subsidy."