Recently, the Pacific Catastrophe Risk Insurance Company (PCRIC) team conducted virtual meetings with key representatives of the Government of Niue (GON) comprising the Financial Secretary, Secretary of Government & the Deputy Secretary of Government.
The primary focus of these meetings between GON and PCRIC was to explore the potential for a tropical cyclone parametric insurance policy coverage. This initiative marks a significant step forward, building upon the productive discussions that initially unfolded during the 2023 Forum Economic Ministers Meeting (FEMM) held earlier in Suva, Fiji, where the PCRIC team had the opportunity to engage with the Niue FEMM delegation.
Niue’s Financial Secretary Doreen Siataga says the meetings offered valuable insights into the comprehensive support the company could provide to strengthen Niue’s disaster resilience efforts.
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