CEO’s Message

Warm greetings and welcome to the PCRIC website!

Our purpose is to provide financing to enable governments to deliver relief efforts immediately after a disaster. This purpose is based on building resilience of the Pacific Island Countries (PICs) that focusses on scalable solutions, characterised as:

Scaling Up – Enhancing existing policies and programs to improve governance and operational systems to accommodate the disaster risk finance (DRF) needs.

Scaling Out – Reaching out to all relevant stakeholders in the public and private sectors, communities and civil societies in order to create impactful development for resilience.

Scaling Deep – Changing mindsets to seek a more proactive approach to understand local needs and values.

Our business model is our platform for success. I have always believed that when it comes to defining and communicating an organization’s vision, partnership is a virtue. This requires cooperation from key stakeholders, not only in terms of securing premium finance to support the PICs, but also to be able to offer something back to the island countries even in years when insurance payouts are not triggered. PCRIC’s purpose should not be justified solely by the occurrence of frequent natural disasters. There is still much knowledge to share and important training and education to be facilitated.

I am continually impressed by the technical resourcefulness and commercial quality displayed by the PCRIC team and the exceptional value they bring to the company. This unique and seasoned blend of talents allowed us to develop new products, launch a new website and integrate the company into the regional coordination architecture aimed at creating political willingness and building national capacity.

Our Management team together with the Board of Directors are regularly assessing and reviewing the nature of the business to ensure we serve the client’s needs and the effectiveness of the services we provide.

Looking to the future, it is important to remember what first inspired to establish this company. The Pacific Finance Ministers had the foresight to create a company that would provide a breath of fresh air fiscally in supremely challenging post-disaster moments. I remain highly optimistic of PCRIC’s vision and plan of execution in the days ahead. It is our intention to further empower governments and their people to understand the value of sharing the financing of risks through the cooperative pooling of these risks across the PICs. Empowerment also comes through supporting the national design of inclusive response plans.

In essence that is PCRIC – a relatively young company that has a history of supporting its member countries’ resilience priorities, and a bright future despite the ongoing challenges posed by COVID-19.

On behalf of PCRIC, I invite you to explore our website and learn more about the company. I am sure you will see why we love what we do.

We are at the ready to serve our Blue Pacific region.

Thank you most sincerely.

‘Aholotu Palu