Affordable insurance in the form of immediate cash relief after disasters to soon be available for Fijians

Affordable insurance in the form of immediate cash relief after disasters to soon be available for Fijians

By Semi Turaga
Wednesday 02/12/2020

Affordable climate risk insurance in the form of immediate cash relief for affected Fijians after a natural disaster will soon be available.

It is being developed through the Leaving No One Behind in the Digital Era: Pacific Insurance and Climate Adaption Programme.

The programme will be piloted in Fiji and Vanuatu for 2 years and is jointly developed and to be implemented by the United Nations Capital Development Fund, the United Nations University Institute for Environment and Human Security and the United Nations Development Programme.

It is financially supported by the New Zealand Aid Programme and the Australia Aid Programme.

Targeted sectors for this new initiative include agriculture, fisheries, retail and tourism sectors with specific focus on women, youth and small and medium enterprises.

The United Nations Capital Development Fund will work with insurance companies, re-insurers, mobile network companies, and other financial service providers.

It says the advantage of this climate risk insurance program is that it allows much faster payments after a disaster since there is no need to undertake extensive assessments.

There are plans to make those cash payments through mobile phones and bank accounts so there is immediate relief and help to ensure people recover faster.


Westpac
FEATURE NEWS
Investment slow-paced, skills shortage worry, high cost of living, red tape and low economic growth a concern – Ariff Ali
As we await the announcement of the 2024/2025 National Budget, there are clear indications that a lot of work needs to be done as the Macroeconomic Co...
10 hours ago
LATEST NEWS
Greater Good Foundation seeks food donations to feed stray animals
The Greater Good Foundation Fiji is calling for food donations to feed homeless and stray animals. They say every cent will go a long way, so feel ...
10 hours ago

Kuki excited to finally perform on Fiji Showcase stage next Friday
Fiji’s top singer/songwriter, Kuki says he is really excited to perform on the Vodafone External Stage at Fiji Showcase 2024. While speaking ...
10 hours ago

Koronivia Business Council raise concerns after temple break-in
Concerns have been raised by the Koronivia Business Council regrading the rise in criminal activities in the area following the break-in at the Shiv ...
10 hours ago

Work with the Govt to tackle the issue of drugs - Kamikamica
Deputy Prime Minister and Minister for Trade, Cooperatives and Communications, Manoa Kamikamica has urged the Lau Provincial Council to work with the ...
10 hours ago

We are preparing for decisive action should our demand not be met in the budget on Friday - FTU
The Fiji Teachers Union calls on the government to act now to prevent a future where students are left without teachers. In a statement, the Union ...
10 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
RFNS Puamau submergence on Fulaga Reef
No timeline has been given on how long the salvage operations for the RFNS Puamau will take as the Fiji Navy has started the de-fuelling process in Fulaga in a bid to safely salvage the vessel from the reef.
7 days ago

Crisis within FijiFirst relating to the termination of 17 MPs who voted for salary increases
A crisis has erupted within the FijiFirst party relating to the termination of 17 members of parliament who supported the government's motion to ...
11 days ago

Pre-Budget 2024-2025
Pre Budget 2024-2025 budget recommendations and an insight of what people on the ground wish to see in the National Budget
14 days ago

TOP