PCRIC Welcomes the World Bank Implementation Support Mission

The Pacific Catastrophe Risk Insurance Company (PCRIC) recently welcomed a visiting mission team from the World Bank to Fiji.

With the confirmation that the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) project would cease with effect by the end of 2022, which directly supported the establishment and operation of PCRIC, the World Bank team’s agenda was to assess the performance of the company prior to its formal closure.

This included providing advice to the PCRIC team on project closure requirements regarding operation, finance, budget, and procurement activities.

However, despite the circumstances, PCRIC is thankful to the World Bank for its support over the years, ensuring that deliverables under the project were implemented accordingly and that the company operated in-line with its business and strategic plans.