Articles
December 15, 2022
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.
December 12, 2022
The Pacific Catastrophe Risk Insurance Company (PCRIC) and Willis Towers Watson (WTW) mission team journeyed on to the Republic of the Marshall Islands (RMI) to continue their drought consultations.
December 12, 2022
The Pacific Catastrophe Risk Insurance Company (PCRIC) and Willis Towers Watson (WTW) were recently in Kiribati to conduct the second phase of drought consultations with stakeholders such as the Ministry of Finance and Economic Development (MFED), the National Disaster Management Office (NDMO), the Kiribati Meteorological Service, the Ministry of Infrastructure and Sustainable Energy and the Ministry of Agriculture.
December 10, 2022
Following the launch of the Global Shield against Climate Risks at COP27, the CEOs of three regional risk pools met with the InsuResilience Global Partnership (IGP) Secretariat for an introduction and further understanding of how this new initiative can effectively collaborate together with the risk pools.
December 10, 2022
Domiciled in the Cook Islands, the Pacific Catastrophe Risk Insurance Company (PCRIC) Management team visited the country for the first time on a mission to hold a series of high-level meetings with various relevant authorities including the Prime Minister and Minister of Finance, Honorable Mark Brown.
December 5, 2022
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
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
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
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.