Tonga renews parametric reinsurance with PCRIC to boost disaster resilience
Reinsurance News - Jul 18, 2025
The Kingdom of Tonga has strengthened its disaster risk financing by renewing its parametric reinsurance policies with the Pacific Catastrophe Risk Insurance Company (PCRIC), which includes a significant increase in the government’s premium contribution, from USD 125,000 to USD 1 million. This renew...
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