Home

Headlines Weather Search

News

Sports

Business

World

Radio

Radio Fiji One Mirchi FM Gold FM Bula FM 2Day FM Radio Fiji Two

TV

FBC TV FBC Sports FBC 2

Business

RBF reveals plan of a new insurance cover

January 16, 2020 12:35 pm
Governor of the Reserve Bank of Fiji Ariff Ali while presenting the Insurance Annual Report 2018 to the Standing Committee on Economic Affairs.

Work is in progress to provide an insurance cover for people living in rural and maritime areas.

Governor of the Reserve Bank of Fiji Ariff Ali revealed this while presenting the Insurance Annual Report 2018 to the Standing Committee on Economic Affairs.

Ali was questioned by Committee and Opposition MP Inosi Kuridrani on whether RBF has avenues that can cover villagers in the interior and maritime islands.

Article continues after advertisement

Ali says RBF is currently in talks with the government and other relevant stakeholders to try and introduce one.

“Parametic insurance is basically  if there is a category cyclone within a defined area everybody is going to be paid who is covered, so that is something we are working on and we are working with the Ministry of Economy, the World Bank and ADB.”

Ali says the key issue is thoroughly looking at all the possible triggers, who will be covered under the scheme and how the payment will be done.

The Reserve Bank of Fiji has stated that discussions are still at an early stage.

Keep Connected With The Latest News, Weather, And Sports on Fiji's Best Radio stations.

Live Tune In
  • 95.4 FM
  • Suva, Nadi, Lautoka, Labasa
  • 95.2 FM
  • Sigatoka, Ba
  • 95.6 FM
  • Tavua
  • 95.8 FM
  • Rakiraki
Live Tune In
  • 102.6 FM
  • Suva, Nadi, Lautoka, Labasa
  • 102.4 FM
  • Sigatoka, Ba
  • 102.8 FM
  • Tavua
  • 103.0 FM
  • Rakiraki
Live Tune In
  • 97.8 FM
  • Suva, Nadi, Lautoka, Labasa
  • 97.6 FM
  • Sigatoka, Ba
  • 98.0 FM
  • Tavua
  • 98.2 FM
  • Rakiraki
Live Tune In
  • 93.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 92.8 FM
  • Sigatoka, Ba
  • 93.2 FM
  • Tavua
  • 93.4 FM
  • Rakiraki
Live Tune In
  • 100.2 FM
  • Suva, Nadi, Lautoka, Labasa
  • 100.0 FM
  • Sigatoka, Ba
  • 100.4 FM
  • Tavua
  • 100.6 FM
  • Rakiraki
Live Tune In
  • 105.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 104.8 FM
  • Sigatoka, Ba
  • 105.2 FM
  • Tavua
  • 105.4 FM
  • Rakiraki