Adjusting to Changing Times with Unwavering Principles
PCRIC offers financial products to provide PICs with finance in the immediate aftermath of a natural disaster event. By providing rapid liquidity to affected PICs, PCRIC helps countries respond quickly and sustain hard-won development gains. PCRIC policies renew on the 1st of November every year for a 12-month period.
To achieve its objective PCRIC operations are guided by five main strategic themes:
Compelling Value Proposition
Membership in the Pacific Catastrophe Risk Insurance Facility provides Pacific nations with access to disaster risk finance programs and instruments. Currently, 6 Pacific nations have joined as members along with 4 donor countries, supported by the World Bank and other partners.