Pacific Insurance and Climate Adaptation Programme (PICAP) Project

May 31, 2022

Fiji is vulnerable to naturally induced perils like cyclones, tsunamis, floods, droughts etc., at present there are no insurance solutions for individuals, communities, small businesses, cooperatives and other livelihood groups. Through the United Nations Capital Development Funds’, Pacific Insurance and Climate Adaptation Programme (PICAP), innovative parametric insurance products are being developed for pilot testing among groups and individuals. Financial awareness and competency are key to adoption and usage of financial services, particularly insurance. The project focuses on building awareness, financial literacy and competency among communities with a view to preparing them to meaningfully access and use standardized Climate Disaster Risk Financing and Insurance CDRFI instruments including parametric insurance. The project is targeted at building up the financial resilience of Fijian communities including women, youth, persons with disabilities and other vulnerable groups.


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