PCRIC’s successful 2023 sets stage for further growth and expansion
In 2023, the Pacific Catastrophe Risk Insurance Company (PCRIC) achieved significant milestones, including welcoming Fiji and Niue as new members of the Pacific Catastrophe Risk Insurance Foundation (PCRIF) through policy purchases.
PCRIC’s 2023 Annual Report also highlighted Papua New Guinea joining as a new observer nation, facilitated by PNG DataCo’s acquisition of a parametric insurance policy for its submarine fibre optic cable network, a global first.
PCRIC remains committed to delivering tailored disaster risk financing solutions across the Pacific region. The accomplishments of 2023 position the company for continued growth and reinforce its leadership in disaster risk financing within the Pacific Islands.
Looking ahead, the PCRIC Board and Management team are enthusiastic about leveraging this momentum in 2024 and beyond to further expand their reach and impact.
PCRIC extends its gratitude to donors, partners, and stakeholders for their ongoing support in helping Pacific Island nations become more resilient to the financial impacts of natural and climate disasters.
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