Press Releases

With scheduled arrangements concluded, whilst preparing for his departure to Fiji Mr. Palu was unexpectedly invited to an audience with Her Majesty Queen Nanasipauʻu. This provided a welcome opportunity to explain the regional role of PCRIC in the disaster risk management sphere, and hear from Her Majesty of a proposal to establish some form of charitable entity aimed at helping those Tongan people whose generational homes and communities were decimated by the January tsunami.

Last week, the Pacific Catastrophe Risk Insurance Company (PCRIC) CEO Mr. Aholotu Palu met with the Prime Minister of Tonga, Hon. Siaosi Sovaleni. The two discussed the country’s current disaster risk policy along with future opportunities for Tonga to pool their risks with other forum countries.

In a first for the Pacific region, a disaster risk finance (DRF) symposium was held in collaboration between the Pacific Islands Forum Secretariat and the Pacific Resilience Partnership DRF Technical Working Group with the Pacific Catastrophe Risk Insurance Company (PCRIC) being a key partner.

Representatives of the Pacific Catastrophe Risk Insurance Company (PCRIC), of which Tonga is a sovereign foundation member and policy holder, have begun a high-level mission to the nation meeting with the Ministry of Finance and other government officials. The mission will take place from the 2nd - 10th May.

The interns of PCRIC were all smiles as they proudly received their certificates of completion and awards from the CEO, Mr. Aholotu Palu. Also, in attendance at the presentation was The University of the South Pacific Student Association Deputy Secretary General, Mr. Aneet Kumar.

It was certainly a proud moment for the interns of the Pacific Catastrophe Risk Insurance Company (PCRIC) as they presented their project proposals to the Chair and Directors at their recent Board Meeting.

The Pacific Catastrophe Risk Insurance Company (PCRIC) Board of Directors recently elected Ms. Sarah-Jane Wild as the Chair. In the last year, […]

The Chair of the Pacific Catastrophe Risk Insurance Company (PCRIC), Ms. Sarah-Jane Wild, was recently recognized by Insurance Business New Zealand (IBNZ) as one of 2022’s leading women in the New Zealand insurance industry. IBNZ […]

Pacific Catastrophe Risk Insurance Company (PCRIC) and the Centre for Disaster Protection have signed an MoU to establish a framework of collaboration in matters of common interest in disaster risk management and financing. The […]