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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.

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.

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.

The Pacific Catastrophe Risk Insurance Company (PCRIC), in collaboration with the Centre for Disaster Protection (CDP), World Food Programme (WFP), United Nations Capital Development Fund (UNCDF), University of the South Pacific (USP), and Risk-informed Early Action Partnership (REAP), proudly hosted the inaugural Pacific Region Disaster Risk Finance Workshop from February 6th to 8th.

The CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu, engaged in fruitful discussions with the Hon. Hu’akavameiliku, the Prime Minister of Tonga. Expressing sincere gratitude, Mr. Palu personally thanked the Prime Minister for his instrumental role as the keynote speaker at PCRIC’s inaugural COP28 side event in Dubai.

Recently, the CEO of the Pacific Catastrophe Risk Insurance Company (PCRIC), Mr. Aholotu Palu, held a productive meeting with the Tongan Minister for Finance, Hon. Tiofilusi Tiueti, and the CEO for Finance, Ms. Kilisitina Tuaimei’api.

PCRIC is proud to announce the addition of Ms. Irma Daphney Stone to our team as the newly appointed Risk Manager. Ms. Stone brings with her a wealth of experience in regional and public administration, acquired through notable positions at the Pacific Islands Forum Secretariat, University of the South Pacific, and the South Pacific Tourism Organisation. 

PCRIC has entered into an MoU with the World Food Programme (WFP), marking a significant stride in Disaster Risk Financing (DRF) initiatives across the Pacific region.

Recently, PCRIC was invited to participate in the UNESCAP’s 7th Pacific Forum on Sustainable Development. The Management Team, represented by CEO Mr. Aholotu Palu and Regional Coordinator Ms. Akosita Drova, attended the hybrid event in-person which was held at the Pacific Islands Forum Secretariat (PIFS).