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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Fresh off the Risk Pools CEO Summit in Frankfurt, PCRIC joined forces with other regional risk pools at the V20 Ministerial Dialogue XIV during the 2025 World Bank-IMF Spring Meetings in Washington, DC. The goal was to strengthen the Pacific Islands’ ability to bounce back from disasters.
As the message of PCRIC’s specialised capacity to offer pre-arranged protection against the financial impact of natural disasters gains traction around the Pacific Islands region, the level of enquiry has risen sharply.
The Pacific Catastrophe Risk Insurance Company (PCRIC), along with regional risk pools; the African Risk Capacity Ltd. (ARC), the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), once again co-hosted a joint side event at this year’s COP gathering in Baku, Azerbaijan.