As one of the financing vehicles under the Global Shield against Climate Risks, GSSP provides targeted support to partner countries and regional risk pools to strengthen the climate resilience of vulnerable populations and help avert, minimise, and address climate-related losses…
A USD 500,000 payout to Solomon Islands, through the Pacific Catastrophe Risk Insurance Company (PCRIC), following Tropical Cyclone Maila highlights the tangible benefits of premium support funded by the Global Shield Solutions Platform (GSSP), enabling a timely financial response to…
Global Shield Roundtable Highlights Progress: Advancing Climate and Disaster Risk Financing at Scale
Beneficiary countries and partners of the Global Shield against Climate Risks, gathered today at the premises of the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) in Washington D.C. to take stock of progress made in the implementation of the…
Located between the Pacific Ocean and the Caribbean Sea, Costa Rica is famed for its natural beauty but also ranks among the world’s most climate-vulnerable nations. Floods, droughts, earthquakes, and other recurring hazards put lives, livelihoods, and public finances at…
The Pacific Catastrophe Risk Insurance Company (PCRIC) proudly welcomes Ms. Anthea Liunakwalau to spearhead Vanuatu’s national contingency plan, a vital step to ensure swift disaster funding. Supported by the Global Shield Solutions Platform (GSSP), managed by Frankfurt School of Finance…
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…
The Pacific Catastrophe Risk Insurance Company (PCRIC) is pleased to announce the engagement of Mr Shadrach Fanega as a consultant for the Solomon Islands. This key appointment is part of PCRIC’s ongoing commitment to supporting the Pacific region in strengthening…
In alignment with its ongoing efforts to enhance financial preparedness for natural disasters across the Pacific region, the Pacific Catastrophe Risk Insurance Company (PCRIC) is pleased to announce the engagement of Ms Kelera Bakaniceva to lead the development of Fiji’s…
Following the initial appointment of Mr. Tiofilusi Tiueti to lead the development of Tonga’s national contingency plan, aimed at enhancing the country’s financial preparedness for natural disasters, the Pacific Catastrophe Risk Insurance Company (PCRIC) is pleased to announce the engagement…
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…