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The Pacific Catastrophe Risk Insurance Company (PCRIC) recently organized a highly inclusive, joint national disaster risk financing workshop in the Solomon Islands along with its development partners and donors to support the country's approaches to Disaster Risk Financing (DRF).

The Pacific Catastrophe Risk Insurance Company (PCRIC) team recently convened a meeting with the specialists from Willis Towers Watson (WTW) to deliberate on the development of the new drought product, which the latter has been developing in the past year. This bespoke product was initiated at the request of the Pacific Ministers of Finance during the “Understanding Risk Finance Pacific Forum” in Vanuatu in 2018 as a response to the increasing frequency of droughts due to changing climates.

The Pacific Catastrophe Risk Insurance Company (PCRIC) was honored to have received an invitation to speak at a side event during the recent Pacific Week of Agriculture and Forestry hosted by the Food and Agriculture Organization (FAO) in Nadi, Fiji.

The Pacific Catastrophe Risk Insurance Company (PCRIC) team recently participated in a day-long forum in Tonga at the invitation of the government. The forum, which had the theme "Partnership for Resilient, Inclusive and Sustainable Development," was convened to deliberate on disaster risk management and preparedness, as well as Tonga's economy, government finances, and proposed reforms.

The Pacific Catastrophe Risk Insurance Company (PCRIC) team expresses deep sorrow over the recent natural disasters that have hit the beautiful island nation of Vanuatu. The twin cyclones and earthquakes that have struck the country have resulted in extensive damage to infrastructure and homes, and disrupted the lives of thousands of people.

As a follow-through on the information session held by the Pacific Catastrophe Risk Insurance Company (PCRIC) whilst in Tonga, a representative from the Australian Department of Foreign Affairs and Trade (DFAT) sought to gain a comprehensive understanding of PCRIC's role and services in the Pacific region through a virtual meeting.

In yet another potential collaboration, the Pacific Catastrophe Risk Insurance Company (PCRIC) held a virtual meeting with the Food and Agriculture Organization of the United Nations (FAO) to explore the feasibility of partially incorporating elements of anticipatory action (AA) to PCRIC's insurance payouts.

Following their respective meetings at COP27, the Pacific Catastrophe Risk Insurance Company (PCRIC) team held a virtual meeting with Mr. Jan Kellett, Special Advisor, Head of Insurance and Risk Finance for UNDP, and Mr. Mathieu Dubreuil, the Senior Programme Advisor for Climate Risk Insurance for the UN World Food Programme WFP.

Recently, the Pacific Catastrophe Risk Insurance Company (PCRIC) team along with one of its Directors, Mr. Barry Whiteside, met with Fiji’s new Deputy Prime Minister and Minister for Finance, Strategic Planning, National Development and Statistics, Hon. Professor Biman Chand Prasad.