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.

The event, themed “Addressing Loss and Damage from Climate Change: The Role of Risk Pools,” provided a platform for the organisations to share experiences, discuss challenges, and explore collaborative solutions to enhance resilience against climate change impacts. PCRIC CEO Mr. Aholotu Palu highlighted three critical issues facing the Pacific region.