Fiji

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Strengthening Climate and Disaster Risk Insurance in the Pacific Fiji and other Pacific Island countries face significant exposure to cyclones, floods, and other climate-related shocks. This document highlights GIIF’s work in the region to support the development of climate and disaster risk insurance markets, strengthen financial resilience, and improve access to risk transfer solutions for vulnerable communities. From market development and technical assistance to stakeholder engagement and policy dialogue, discover how GIIF’s engagement in Fiji and the wider Pacific has helped lay the
Pacific Islands Take the Lead on Financial Protection from Disasters
Pacific Island countries will have better access to catastrophe insurance to reduce financial impacts in the aftermath of natural disasters, including major cyclones, earthquakes and tsunamis, as a result of a new regional disaster risk finance project in Fiji, a World Bank's press release reports. The US$29.73 million project - PCRAFI: Furthering Disaster Risk Finance in the Pacific - builds on eight years of regional collaboration through the Pacific Catastrophe Risk Assessment and Insurance Initiative (PCRAFI), and shared experiences from similar catastrophe risk pools supported by the