The Pacific Financial Inclusion Programme (PFIP) and Munich Climate Insurance Initiative (MCII) assessed opportunities to implement a climate adaptation and risk insurance program in Papua New Guinea, Samoa, and the Solomon Islands. Through stakeholder meetings and a 2019 scoping study in Fiji, Vanuatu, and Tonga, they identified the need for disaster risk financing solutions in the Pacific. This has led to the creation of the Pacific Insurance and Climate Adaptation Programme (PICAP), aimed at addressing the growing demand for financial mechanisms to help mitigate the impact of extreme weather events and natural catastrophes in the region.