PCRIC and WTW launch parametric quake cover for Papua New Guinea submarine cable network

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Reinsurance News - May 23, 2024

The Pacific Catastrophe Risk Insurance Company (PCRIC) alongside broker WTW have designed a parametric insurance policy to help protect PNG DataCo., a Papua New Guinea (PNG) operator, from the financial impact of earthquake damage. The parametric insurance policy will provide rapid payouts following...

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