Pacific Catastrophe Risk Insurance Company (PCRIC) has appointed Irma Daphney Stone to the role of Risk Manager, where she will leverage her extensive expertise to provide technical guidance, leadership, and advice to the PCRIC Board and Management Team.
Her additional responsibilities include the entire spectrum of risk management for the company, including oversight of its segregated cell offering DRFI products. Moreover, she will play a pivotal role in ensuring compliance with recently updated regulations that PCRIC will operate under as a Segregated Cell Company.
Specifically, Stone will undertake a crucial role in conducting technical reviews and offering input, participating in policy formulation, and providing advice to enhance PCRIC’s Risk Management System and Risk Control Functions.
This strategic initiative aims to empower PCRIC to take proactive ownership of the risks it faces, facilitating informed decision-making regarding the company’s models, products, operations, and result interpretation.
Stone began her career as a development accountant in Tonga in 1994. In 2012, she became the first female Chief Executive Officer of the Ministry of Revenue and Customs.
She has also held the role of Operations Manager at the Oceania Customs Organisation in Fiji.
Stone brings with her a wealth of experience in regional and public administration, acquired through notable positions at the Pacific Islands Forum Secretariat, University of the South Pacific, and the South Pacific Tourism Organisation.
According to the company, Stone’s leadership will be instrumental in ensuring the integrity and robustness of PCRIC’s models and products, with a primary focus on maintaining the company’s solvency and liquidity standards.
