Renewal of innovative climate and disaster risk insurance by PCRIC and WTW to help close the protection gap in the Pacific.
The pioneering insurance policy renewal gives governments in thePacific region access to improved disaster risk cover.
PCRIC now provides insurance for tropical cyclones, heavy rain, earthquake, and tsunami risk to six Pacific governments: the Cook Islands, Fiji, Niue, Tonga, Samoa, and Vanuatu.
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Nonprofit impact investing firm, Acumen, has invested $1.2 million to KZ Noir, a Rwanda-based coffee processing company owned by Kaizen Venture Partners. The investment will equip KZ Noir the funds for working capital, debt refinancing, and capacity expansion.