November 5, 2022

PCRIC Welcomes Invitation to V20 Ministerial Dialogue

Speaking ahead of a series of meetings with the V20 in Washington DC, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu, said he was immensely honoured to be invited as an observer to the ninth V20 Ministerial Dialogue to be hosted by the International Monetary Fund (IMF) in Washington DC on October 16, 2022.
November 5, 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.
November 5, 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.
November 2, 2022

PCRIC Shares Expertise at ESCAP Forum

At the invitation of the Economic and Social Commission for Asia and the Pacific (United Nations ESCAP) subregional office for the Pacific, the Pacific Catastrophe Risk Insurance Company (PCRIC) took advantage of the opportunity to exchange knowledge and ideas with distinguished peers.
November 2, 2022

PCRIC secures €10M donation from Germany to assist with premium financing

The Pacific Catastrophe Risk Insurance Company (PCRIC) CEO, Mr. Aholotu Palu recently announced that in December 2021, PCRIC received a Christmas gift of €10 million in premium financing from Germany via the World Bank.
October 28, 2022

PCRIC Joins in with PRP’s TWG on Risk Transfers Learning Series

Earlier this week, the Pacific Resilience Partnership (PRP) Technical Working Group (TWG) on disaster risk financing (DRF), organized and facilitated the fourth virtual learning episode. With the theme, “Risk Transfer: Shifting the Responsibility for Risk”, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO Mr. Aholotu Palu joined the learning series as a panelist.
October 26, 2022

PCRIC Delighted with Opportunity to Participate at ESCAP Meeting

The Pacific Catastrophe Risk Insurance Company (PCRIC) received an invitation to an Expert Group Meeting (EGM) on Pacific Perspectives 2022 to be held virtually from October 27th to 28th.
October 26, 2022

PCRIC Welcomes the World Bank Implementation Support Mission

The Pacific Catastrophe Risk Insurance Company (PCRIC) recently welcomed a visiting mission team from the World Bank to Fiji. With the confirmation that the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) project would cease with effect by the end of 2022, which directly supported the establishment and operation of PCRIC, the World Bank team’s agenda was to assess the performance of the company prior to its formal closure.
October 26, 2022

PCRIC Collaborates with Disaster Risk Financing Partners

Fresh off the outcomes derived from the recent Forum Economic Ministers Meeting (FEMM), the Pacific Catastrophe Risk Insurance Company (PCRIC) team met with colleagues from the disaster risk financing (DRF) technical working group to forge refined pathways ahead.