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.…
Premium support has become, in recent years, a key component of support in disaster risk finance. The InsuResilience Solutions Fund (ISF) has witnessed an increase in the request for premium support as part of its product development support, leading to…
GSSP constitutes a central element of the financing structure of the Global Shield against Climate Risks. It provides technical assistance and financial support to partner countries with the objective to increase the resilience of vulnerable people in emerging markets against…
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action –…
From April 10th to 11th, the Frankfurt School of Finance & Management hosted international experts for the second edition of the Climate Risk Finance Forum (CRFF). This year’s forum delved into the complexities of subsidised insurance within the wider framework of…
The Government of Ghana has received a payout of USD 960,202 and is set to receive a second payment of USD 1,927,334, as part of its first-ever sovereign drought insurance policy, issued by African Risk Capacity (ARC) Ltd. This milestone…