Articles

July 25, 2022

PCRIC Sends Condolences to Japan

The Pacific Catastrophe Risk Insurance Company (PCRIC) Board and Management team were shocked and saddened with the sudden news of the untimely passing of the former Japanese Prime Minister, Mr. Shinzo Abe. In 2016, the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) Multi-Donor Trust Fund was established with Japan being a donor to PCRIC’s efforts to be a provider of disaster risk finance services and solutions to the Pacific region.
July 8, 2022

USP signs MOU with PCRIC

The University of the South Pacific (USP) signed a Memorandum of Understanding (MOU) with the Pacific Catastrophe Risk Insurance (PCRIC) on Tuesday, 5 July 2022.
July 8, 2022

PCRIC Signs MoU with the University of the South Pacific

The Pacific Catastrophe Risk Insurance Company (PCRIC) earlier this week signed an MoU with the University of the South Pacific (USP). The partnership will enable institutional cooperation to promote educational programs that help build capacity and technical knowledge of improved disaster risk finance and management in the region.
July 8, 2022

PCRIC Signs MoU with the University of the South Pacific

The Pacific Catastrophe Risk Insurance Company (PCRIC) earlier this week signed an MoU with The University of the South Pacific (USP). The partnership will enable institutional cooperation to promote educational programs that help build capacity and technical knowledge of improved disaster risk finance and management in the region.
June 29, 2022

PCRIC Hastens its Drought Product Development

The Kiribati government recently declared a state of disaster due to a severe drought experienced by the island nation. The timing of this drought proved to be near prescient having occurred almost immediately after the Pacific Catastrophe Risk Insurance Company (PCRIC) and WTW, co-led a virtual group consultation on PCRIC support for drought challenges in Pacific Island Countries (PICs).
June 29, 2022

PCRIC meets with its reinsurance partners

The CEO of the Pacific Catastrophe Risk Insurance Company(PCRIC), Aholotu Palu, has met with a representative of Hiscox Syndicate at Lloyd’s in London to discuss expansion plans.
June 29, 2022

PCRIC interns complete disaster risk training program

The interns of the Pacific Catastrophe Risk Insurance Company (PCRIC) were all smiles as they proudly received their certificates of completion and awards from the CEO, Mr Aholotu Palu, recently. Attending the presentation was the University of the South Pacific Student Association Deputy Secretary General, Mr. Aneet Kumar.
June 22, 2022

PCRIC Meets with its Reinsurance Partners

The PCRIC CEO, Mr. Aholotu Palu, met with a representative of Hiscox Syndicate at Lloyd's in London. Hiscox Syndicate has been a reinsurer of PCRIC's policies since 2020.
June 22, 2022

PCRIC Team Meets with the World Bank

While in London, the Pacific Catastrophe Risk Insurance Company (PCRIC) team met with The World Bank representatives and colleagues of the PCRAFI project to discuss issues of importance to the operation and financial sustainability of the company.