The Cook Islands - disaster risk financing and insurance
In the next 50 years, the Cook Islands has a 50 percent chance of experiencing a per-event loss exceeding NZ$97 million (US$79.5 million), and
a 10 percent chance of experiencing a per-event loss exceeding NZ$327 million (US$268 million) from tropical cyclones. Tropical cyclones are the predominant peril impacting the Cook Islands; Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) catastrophe models indicate negligible losses from earthquake and tsunami.