Articles

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. 
January 5, 2024

PCRIC and WFP Unite in Strengthening Disaster Resilience

PCRIC has entered into an MoU with the World Food Programme (WFP), marking a significant stride in Disaster Risk Financing (DRF) initiatives across the Pacific region.
December 18, 2023

PCRIC’s Regional Role in Pacific Resilience Highlighted at UNESCAP Forum 

Recently, PCRIC was invited to participate in the UNESCAP’s 7th Pacific Forum on Sustainable Development. The Management Team, represented by CEO Mr. Aholotu Palu and Regional Coordinator Ms. Akosita Drova, attended the hybrid event in-person which was held at the Pacific Islands Forum Secretariat (PIFS).
December 11, 2023

Navigating Resilience: PCRIC’s COP28 Side Event on Parametric Insurance

PCRIC successfully hosted its inaugural side event at COP28 in Dubai, themed ‘Embedding Parametric Insurance in the DRF Toolkit at COP28.’ The event, held at the Blue Pacific Pavilion and supported by the Pacific Islands Forum Secretariat (PIFS) & the Secretariat of the Pacific Regional Environment Programme (SPREP), featured distinguished panelists.