March 27, 2024

PCRIC Attends Tonga’s Annual Development Partners Forum

PCRIC was invited by Tonga’s Ministry of Finance to participate in their annual development partners forum with the theme, "Effective Development Cooperation for a Progressive Tonga". This significant event provided an opportunity for participants to gain deeper insights into the state of Tonga’s economy, the prevalent challenges, and the strategic pathways for future development.
March 27, 2024

Pacific Catastrophe Risk Insurance Company and WFP Partner to Reinforce Disaster Risk Financing in the Pacific Region

The Pacific Catastrophe Risk Insurance Company (PCRIC) and the United Nations World Food Programme (WFP), have signed a Memorandum of Understanding (MoU), marking a major advancement in disaster risk financing initiatives for the Pacific region. The MoU was signed by PCRIC's CEO, Aholotu Palu, and the WFP Deputy Executive Director and Chief Operating Officer, Carl Skau.
March 13, 2024

PCRIC Invited to the Commonwealth Secretariat Regional Debt Workshop

Last week, the PCRIC CEO, Mr. Aholotu Palu, was invited as a chief guest speaker at the Commonwealth Secretariat Regional Debt Workshop held at the Novotel in Nadi. This invitation was a result of the recognition that PCRIC has gained as a key strategic risk transfer mechanism in enhancing financial protection for the Pacific Island Countries’ fiscal shocks caused by natural hazards. 
March 11, 2024

PCRIC Discusses the Need for Supportive Financial Regulation at the Inclusive Green Finance Working Group Meeting

Recently, the PCRIC CEO, Mr. Aholotu Palu, participated in a panel discussion at the 10th Inclusive Green Finance Working Group (IGFWG) Meeting organised by the Alliance for Financial Inclusion (AFI) and the Reserve Bank of Fiji (RBF) in Nadi, Fiji.
March 5, 2024

PCRIC’s Support for Vanuatu’s Disaster Resilience

As part of the country visit program, the PCRIC Management Team recently visited Vanuatu where they had the privilege of meeting with the Honorable Ministers of Finance and Climate Change, along with other senior government officials. Discussions included the ways in which PCRIC can contribute to advancing the country’s resilience-building agenda by providing access to pre-arranged financial instruments for protection against natural disasters.
February 29, 2024

Forging Partnerships: PCRIC’s Visit to Nauru

Following the recent inaugural Pacific Region Disaster Risk Finance Workshop held earlier this month in Fiji, representatives from Nauru attended, paving the way for a subsequent visit by a mission team from PCRIC to the island nation.
February 18, 2024

PCRIC Charts the Course Ahead with Retreat 

Due to PCRIC's ongoing expansion and increasing demand, the team gathered for a two-day retreat at the Tanoa Plaza Hotel in Suva, Fiji to chart the company's trajectory. This marked the team's first face-to-face meeting since transitioning to virtual interactions.
February 15, 2024

PCRIC Innovates with First Insurance for Private Foundation – Vatuvara Fiji

In partnership with Willis Towers Watson (WTW) and Fiji-based correspondent broker, Insurance Holdings (Pacific) Pte Ltd., the Vatuvara Foundation Fiji selected PCRIC via a rigorous selection process to administer a groundbreaking parametric insurance product.
February 15, 2024

PCRIC Team Briefs Key Stakeholders on its Product Offerings

The PCRIC Team has recently held a series of bilateral meetings in Suva, Fiji to showcase the current and future products the Company has available to continue its support to building Fiji’s resilience to disasters.