PCRIC Attends Global Shield Workshop in Tonga

Continuing its commitment to addressing the financial impact of weather and seismic related disasters throughout the region, PCRIC recently participated in a workshop hosted by Tonga’s Ministry of Finance focused on the work of the Global Shield. The PCRIC team were pleased to actively contribute with the Global Shield representatives to establish deeper knowledge and awareness of mechanisms, options and solutions for the Climate and Disaster Risk Finance and Insurance (CDRFI) challenges faced by the region and the role of Global Shield in this.

The partnership between PCRIC as the region’s disaster insurance risk pool with years of sustained engagement, and the Global Shield with its enormous capacity to support customised interventions at a national level, is expected to yield significant, tangible benefits to many of the region’s most vulnerable and marginalised communities in the coming years.