Tonga receives second climate insurance payout for drought preparedness

TONGA has received a second parametric insurance payout of TOP$114,168 from the Pacific Catastrophe Risk Insurance Company (PCRIC) to support early drought preparedness efforts in the Niua Islands.

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PCRIC: Reshaping risk into resilience

Born out of an ambitious endeavour to address long-standing gaps in access to disaster funding for Pacific Islands

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Fiji signs host country agreement with PCRIC

FIJI and the Pacific Catastrophe Risk Insurance Company (PCRIC) have signed a Host Country Agreement, paving the way for PCRIC to officially operate from

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Parametric Insurance: A door of opportunity?

Less than a fornight after an earthquake devastated Port Vila on December 17, the Chief Executive Officer of the Pacific Catastrophe Risk Insurance Company (PCRIC) was on a plane to the Vanuatu capital, a US$1.2 million

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