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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 24, 2026

Tonga

Eight adults posing in a formal office holding a large ceremonial check, smiling for the camera and flanked by colleagues.
Tonga secures US$8,400 insurance payout under PCRIC parametric cover
August 25 2026
The payouts release 20% of 'Eua's limit and 41% of Tongatapu's limit to support drought preparedness across both islands.
Tonga officials receive a cheque from Bank South Pacific for drought relief funds.
PCRIC releases further payout to Tonga as drought conditions persist
August 6 2026
The US$34k payment will support drought preparedness in Ha'apai and Tongatapu under the country’s parametric cover, backed by GSSP.
Close-up map highlighting the island nation of Tonga with two red pushpins nearby.
Tonga's expanded drought policy triggers PCRIC payout after Niua rainfall shortfall
July 7 2026
It marks the country's second payout from the regional insurer, and the first under drought cover it added only at this year's renewal.
tonga-eyes-expanded-pcric-disaster-cover-with-us1m-premium-plan
Tonga makes commitment to expand parametric cover with PCRIC
July 21 2025
Proposed renewal would broaden Tonga’s parametric insurance to include drought for the first time.
tower-partners-with-celsiuspro-to-enhance-parametric-offering
Tower partners with CelsiusPro to enhance Pacific parametric offering
November 24 2023
Tower partners with CelsiusPro to enhance the technological infrastructure supporting their Cyclone Response Cover, a parametric insurance offering.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.