Articles

October 26, 2022

PCRIC Honored to be Present at High-Level Ministerial Dialogue

Following the kind invitation by the V20 (Vulnerable 20 Group) Ministerial Dialogue for the Pacific Catastrophe Risk Insurance Company (PCRIC) to be an observer, Mr. Pankaj Singh, the company’s Finance & Planning Manager represented PCRIC at the forum.
October 18, 2022

PCRIC sets stage for Council of Members Meeting

The Pacific Catastrophe Risk Insurance Company (PCRIC) management team, the region’s only provider of sovereign disaster risk insurance, are currently in Washington DC in preparation for the bi-annual Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting. 
October 18, 2022

PCRIC Recognizes International Day of Disaster Risk Reduction

Thursday, 13th October marked this year’s International Day for Disaster Risk Reduction, an initiative of the United Nations intended to promote a global culture of risk-awareness and disaster reduction and commemorated each year on 13th October.  
October 18, 2022

Council of Members Meeting Fully Behind PCRIC

The ultimate governance body for the Pacific Islands region’s only provider of sovereign disaster risk insurance held their highly anticipated bi-annual meeting recently on the side-lines of the World Bank and IMF Annual Meetings in Washington DC.
October 10, 2022

Resilience of Blue Pacific Continent to be Enhanced through US-Pacific Islands Declaration 

Commenting on the recent US–Pacific Islands Country Summit held in Washington DC, CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr Aholotu Palu, said that with the release of the first ever Pacific Partnership Strategy for the United States, the Summit represented a true watershed moment in US relations with the region.
October 10, 2022

Regional Disaster Risk Insurer Steps Towards a New Future

Following the extraordinary decision by The World Bank to close, with effect from the end of 2022, the PCRAFI project that supported the Pacific Islands region’s only sovereign disaster risk insurer, senior company representatives and the Board of Directors of the Pacific Catastrophe Risk Insurance Company (PCRIC) met in Auckland last week to chart a new course for the company.
October 10, 2022

PCRIC Congratulates Mexico on Major Parametric Insurance Renewal 

The Pacific Catastrophe Risk Insurance Company CEO, Mr. Aholotu Palu, offered warm congratulations to Mexico’s Ministry of Finance on the decision to renew the country's US$250 million dollar ‘natural disaster’ parametric insurance coverage.
October 10, 2022

PCRIC Sets the Stage for Council of Members Meeting

The management team of the Pacific Catastrophe Risk Insurance Company (PCRIC), the Pacific Islands region’s only provider of sovereign disaster risk insurance, are currently in Washington DC in preparation for the bi-annual Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting. The CoM is comprised of representatives of Pacific Island nations and donor countries, and acts as the ultimate governance body guiding and endorsing the strategic direction undertaken by PCRIC.
September 15, 2022

PCRIC Reaches out to PNG Following Earthquake

As the region’s own specialist provider of sovereign Disaster Risk Management solutions for Pacific Island countries, the Pacific Catastrophe Risk Insurance Company (PCRIC) was concerned to hear of the devastating 7.6 magnitude earthquake which struck Papua New Guinea (PNG) on Sunday morning.