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A bespoke product to provide PNG Data co. with parametric insurance that utilizes peak ground acceleration in the event of earthquakes damaging critical submarine fibre optic cables, key
The Pacific Catastrophe Risk Insurance Company (PCRIC) and PNG DataCo. have today signed an innovative parametric insurance policy to provide rapid payouts following earthquakes expected to
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Papua New Guinea''s state-owned telecoms network wholesaler PNG DataCo says that internet services in the southeastern towns of Popondetta and Alotau have been disrupted due to a
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The Pacific Catastrophe Risk Insurance Company (PCRIC) alongside broker WTW have designed a parametric insurance policy to help protect PNG DataCo., a Papua New Guinea (PNG) operator,
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The parametric insurance policy will provide rapid payouts following earthquakes that are expected to result in damage to the submarine fibre optic cable network surrounding PNG, which is
Project highlights The Coral Sea Cable System (CS2) is a 4,700 kilometre (km)-long fibre optic submarine telecommunications cable, which links both Papua New Guinea and Solomon Islands to
Sitting at the collision point of several tectonic plates, Papua New Guinea is regularly rattled by devastating earthquakes, made worse by poorly-built houses. But there''s a bid to change that.
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State-owned operator DataCo suffered massive service disruption as eastern Papua New Guinea was hit by a powerful earthquake. DataCo reported “multiple breakages” in subsea