December 5, 2022

PCRIC Offers Innovative Disaster Risk Finance Solutions at COP27

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

PCRIC to add prompt payment trigger for parametric drought cover

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.
November 23, 2022

Risk pools ARC, CCRIF and PCRIC agree to partnership at COP27

Global risk pools African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (formerly The Caribbean Catastrophe Risk Insurance Facility) and Pacific Catastrophe Risk Insurance Company (PCRIC) have agreed to a partnership at the recent COP27 climate conference.
November 23, 2022

Revealed at COP27: PCRIC to offer early-trigger drought protection to Pacific countries

Pacific Catastrophe Risk Insurance Company (PCRIC) will launch an early-trigger drought protection product to Pacific countries.
November 23, 2022

PCRIC to add early payout triggers for parametric drought cover

Aholotu Palu, CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), has said that his firm has been in discussion with stakeholders regarding a parametric drought insurance product with early payout triggers.
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 18, 2022

PCRIC sets stage for Council of Members Meeting

The Pacific Catastrophe Risk Insurance Company (PCRIC) management team, the region’s only provider of sovereign disaster risk insurance, are currently in Washington DC in preparation for the bi-annual Pacific Catastrophe Risk Insurance Foundation (PCRIF) Council of Members (CoM) meeting. 
September 10, 2022

MFEM backs catastrophe risk insurance company

At the recent Forum Economic Ministers Meeting (FEMM) sponsored by the Pacific Islands Forum Secretariat (PIFS) and held in Port Vila, Vanuatu, attendees were captivated by […]
September 10, 2022

PCRIC serves a recipe for disaster and relief at FEMM

At the recent Forum Economic Ministers Meeting (FEMM) sponsored by the Pacific Islands Forum Secretariat (PIFS) and held in Port Vila, Vanuatu, attendees were captivated by a […]