Cyclones, Floods, Droughts, Earthquakes, Tsunamis, and other natural disasters wreak extreme levels of havoc not only on people and property but also on governments and resource. When nations pool their risks with other nations, they can weather the financial burdens of these disasters more effectively. Now, the world’s foremost sovereign, risk pooling organisations have joined forces under the banner of ‘Resilience Risk Pools’ to advance awareness, education, and resource development to bring greater attention and financial commitment.
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CCRIF SPC announced that it will make a payout of US$70.8 million to the Government of Jamaica following the passage of Hurricane Melissa.
SEADRIF’s New Policy Delivers US$2M Payout to Lao PDR in 6 Days, Using Official National Impact Data
The SEADRIF Insurance Company on 1 September 2025, made a payout of US$2 million to the Ministry of Finance of Lao PDR, following reports that 305,196 people were affected by multiple disaster events between 2 May to 4 August 2025.
The pre-eminence of PCRIC as the Pacific Islands region’s key disaster risk insurer has been further reinforced by the recent inclusion of the Federated States of Micronesia (FSM) and the Solomon Islands as new PCRIC Council Members with active policies.