As climate-related events intensify across the Pacific region, the Pacific Catastrophe Risk Insurance Company (PCRIC) is exploring the possibility of introducing a new parametric insurance product for extreme heat, a growing and under-addressed climate risk in the region. With the…
The Global Shield Solutions Platform (GSSP) is pleased to announce that GSSP and International Association of Insurance Supervisors (IAIS) are collaborating to provide insurance regulators and supervisors continued access to high-quality self-directed learning. The Access to Insurance Initiative (A2ii) will be…
Based on Costa Rica’s officially submitted Request for Support to the Global Shield against Climate Risks, the Global Shield Solutions Platform (GSSP) will play a pivotal role in translating this strategic vision into concrete action. As one of the three…
PCRIC and GSSP Launch Scoping Study to Expand Parametric Insurance to Fiji’s State-Owned Enterprises
Since its establishment in 2016, the Pacific Catastrophe Risk Insurance Company (PCRIC) has steadily expanded its parametric insurance coverage while growing its participating member governments from five to eight. Notably, the total value of policies underwritten has more than doubled,…
The Pacific Catastrophe Risk Insurance Company (PCRIC) is pleased to announce the engagement of Mr Tiofilusi Tiueti, Tonga’s former Minister of Finance, to lead the development of a national contingency plan aimed at strengthening Tonga’s financial preparedness for natural disasters.…