Vanuatu paid $1.9m for cyclone Pam from Pacific catastrophe facility
The World Bank supported Pacific Catastrophe Risk Insurance Pilot has paid Vanuatu $1.9m after the risk pooling facility was triggered by Category 5 Cyclone Pam which struck the Pacific island nation on March 13th.Demonstrating the important role that parametric triggers play in effecting rapid insurance payouts after disaster strike, the read the full article →
