News

Since 2014, African Risk Capacity (ARC) Ltd. has been pioneering parametric insurance in Africa and making inroads in protecting vulnerable communities. Having begun with coverage against drought risk, the company has diversified its service offering over the last decade to include the most prevalent hazards on the continent. 2023 proved a significant year of innovations and landmark agreements, propelling the company’s mission to provide coverage across all 55 African Union countries.

The Pacific Catastrophe Risk Insurance Company (PCRIC) and the United Nations World Food Programme (WFP), have signed a Memorandum of Understanding (MoU), marking a major advancement in disaster risk financing initiatives for the Pacific region. The MoU was signed by PCRIC’s CEO, Aholotu Palu, and the WFP Deputy Executive Director and Chief Operating Officer, Carl Skau.

The SEADRIF Insurance Company is delighted to announce the successful renewal of parametric insurance coverage for flooding with the Government of Lao PDR. This renewal marks a significant continuation of our commitment to providing innovative catastrophe risk solutions tailored for our members.

Join our Resilience Risk Pool Panel Discussion where the leadership of these pioneering facilities will convene to share insights into innovative risk pooling models that enhance climate […]

PCRIC successfully hosted its inaugural side event at COP28 in Dubai, themed ‘Embedding Parametric Insurance in the DRF Toolkit at COP28.’ The event, held at the Blue Pacific Pavilion and supported by the Pacific Islands Forum Secretariat (PIFS) & the Secretariat of the Pacific Regional Environment Programme (SPREP), featured distinguished panelists.

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