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PCRIC is pleased to announce that two of its team members, Mr. Pankaj Singh (Finance & Planning Manager) and Mr. Richard Poulter (Actuarial Specialist) have successfully completed a seven-week course on the fundamentals of Insurance Linked Securities (ILS), run by Phoenix CRetro Ltd London in partnership with various professional bodies and educational institutions worldwide.

The Pacific Catastrophe Risk Insurance Company (PCRIC) and Willis Towers Watson (WTW) teams conducted a comprehensive presentation on the upcoming drought product to Mr. Patrick Langrin, the Secretary of Finance for the Republic of the Marshall Islands (RMI).

The Pacific Catastrophe Risk Insurance Company (PCRIC) has been invited by the University of the South Pacific Students’ Association (USPSA) to chair a session at the upcoming Pacific Conference on Governance in Auckland, New Zealand. The PCRIC CEO, Mr. Aholotu Palu, will represent the company at the event. 

The Pacific Catastrophe Risk Insurance Foundation (PCRIF) recently held its first Council of Members (CoM) meeting for 2023, which was chaired by Mr. Patrick Langrin, the Secretary of Finance for the Republic of the Marshall Islands.

Earlier this week, the Pacific Catastrophe Risk Insurance Company (PCRIC) team met with the Assistant Minister for the Fiji Ministry of Women, Poverty Alleviation & Children, Honorable Sashi Kiran.

We are thrilled to announce that Ms. Ana Takau has joined the Pacific Catastrophe Risk Insurance Company (PCRIC) team as our newest legal intern. She hails from the Kingdom of Tonga and currently studies Law at The University of the South Pacific.

PCRIC participated in the second Sovereign Risk Pools CEO summit in Washington D.C. on the margins of the World Bank / IMF Spring Meetings. The meeting was attended by representatives of the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) and the African Risk Capacity (ARC) Group, along with development partners from the Centre for Disaster Protection (CDP) and Willis Towers Watson (WTW) Climate Resilience Hub technical team members.

The PCRIC CEO was asked to address the 10th Ministerial Dialogue of the V20 as part of the roundtable on the G7-V20 Global Shield against Climate Risks and Debt Sustainability. The session heard from representatives from V20 nations on the climate crisis, the rising risk of disasters, and how the Global Shield best be harnessed to set about a sea-change in pre-arranged and trigger-based financial protection against climate risks.

The Pacific Catastrophe Risk Insurance Company (PCRIC) team recently engaged in a productive conceptual discussion meeting with representatives from Tonga Cable Limited, a public enterprise responsible for managing a submarine fibre optic cable that connects Tonga to an international network service, ensuring reliable, safe, and affordable high-speed internet for the country.