Tuvalu has joined the Pacific Catastrophe Risk Insurance Company (PCRIC) as its 13th member country and secured cyclone insurance coverage, strengthening its financial protection against one of the most significant climate-related risks facing the country. The coverage has been made…
NEWS & PUBLICATIONS
With premium support from the Global Shield Solutions Platform (GSSP), the Pacific Catastrophe Risk Insurance Company (PCRIC) has delivered a fifth drought payout to the Government of Tonga this year under the countryโs drought coverage. The payout was presented to…
The Pacific Catastrophe Risk Insurance Company (PCRIC) formally presented a cheque to the Honourable Minister of Finance of Solomon Islands, following the activation of the governmentโs Excess Rainfall (XSR) insurance policy. The payout was triggered by rainfall events in August…
Global Shield Solutions Platform (GSSP) is pleased to partner with African Risk Capacity Ltd. on a scholarship programme aimed at strengthening the next generation of African professionals in Climate and Disaster Risk Finance and Insurance (CDRFI).This year, 12 scholarships are…
With GSSP-funded premium support, the Pacific Catastrophe Risk Insurance Company (PCRIC) has triggered a Short-term Preparedness (SP) payout of US$8,400 for the โEua cluster for the period 1โ31 July 2026, representing 20% of the โEua limit of US$42,000. A Rapid…
The Kingdom of Tonga has received a further payout under its drought insurance policy with the Pacific Catastrophe Risk Insurance Company (PCRIC), providing timely financial support to strengthen drought preparedness on the islands of Ha'apai and Tongatapu. The payout follows…
The Global Shield Solutions Platform (GSSP)ย third Call for Proposals (CfP) for Costa Rica is now open.ย Based on the Request for Climate and Disaster Risk Finance and Insurance (CDRFI) Support submitted to the Global Shield against Climate Risks Secretariat by…
The Global Shield Solutions Platform (GSSP) second Call for Proposals (CfP) for Costa Rica is now open. Based on the Request for Climate and Disaster Risk Finance and Insurance (CDRFI) Support submitted to the Global Shield against Climate Risks Secretariat by the…
The Global Shield Solutions Platform (GSSP) is supporting the Southeast Asia Disaster Risk Insurance Facility Insurance Company (SEADRIF) to expand Climate and Disaster Risk Finance and Insurance (CDRFI) capabilities across Southeast Asia, helping member countries strengthen their preparedness for and…
The Global Shield Solutions Platform (GSSP) first Call for Proposals (CfP) for Costa Rica is now open. Based on the Request for Climate and Disaster Risk Finance and Insurance (CDRFI) Support submitted to the Global Shield against Climate Risks Secretariat…