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Parametric pioneering in the Pacific: How insurance is covering Fiji’s vulnerable

Climate change is a major challenge across the Pacific, which comprises geographically diverse and dispersed countries. The Solomon Islands, Tonga and Vanuatu are among the top five climate-vulnerable countries worldwide. Frequent and severe climate-induced disasters in the South Pacific have disrupted both economic progress and development gains. In the last 50 years, natural disasters have led to USD 3 billion in losses across the region. With seven of the top ten countries prone to...

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