Vanuatu Risk and Premium Funding

Vanuatu Risk and Premium Funding is an economic catalyst

This new service is an economic catalyst, particularly for Vanuatu’s small businesses, and will build business resilience in the face of Vanuatu’s exposure to natural disasters and other risks.  

The new insurance payment service changes the local insurance landscape by providing consumers with more options for compliance with the Vanuatu Insurance Act (VIA). By law, the Vanuatu Insurance Act (VIA) states “premiums must be paid in full by the client to the Insurer or Intermediary within 30 days of Inception or Renewal unless a premium instalment arrangement has been made”.