Tower expands parametric cover in Fiji through the launch of Rainfall Response Cover
Tower Fiji Team
MEDIA RELEASE: November 17, 2025
Tower has today announced the launch of a new parametric insurance product, Rainfall Response Cover, set to provide greater peace of mind and financial security for Fijian communities this wet season.
Rainfall Response Cover provides a rapid cash pay-out when a customer is impacted by heavy rainfall, regardless of damage and without the need for an insurance assessor’s signoff. “The Reserve Bank welcomes Tower's introduction of this innovative product to the market, which extends the suite of parametric microinsurance solutions available to all Fijians,” says Reserve Bank of Fiji (RBF) Deputy Governor, Esala Masitabua.
“These innovative products are enabling communities and families living in areas affected by specific perils to access insurance as a means of protection against financial loss. Many Fijians are affected by heavy rainfall and different times in the year making this product highly relevant and timely.”
Fiji is highly vulnerable to natural hazards, including rainfall events and ranked 15th on the Natural Hazards list in the 2021 World Risk Index report. Tower Chief Underwriting Officer, Ron Mudaliar, says Rainfall Response Cover will provide crucial support for the people of Fiji, especially in the face of our changing climate, with a guaranteed payout, if rainfall meets certain criteria.
“For 151 years in the Pacific and 156 in New Zealand we have been committed to helping people protect what matters most. Creating innovative parametric products is one way we are helping the Pacific Islands to be future ready,” says Mudaliar.
“On top of Cyclone Response Cover, we are thrilled to help further increase insurance accessibility through the launch of Rainfall Response Cover. We want to help local communities think ahead and help facilitate a faster recovery from rainfall damage.”
Tower has again joined forces with CelsiusPro to launch Rainfall Response Cover via its award-winning White Label Platform. The online tool simplifies payments to customers in the event of heavy rainfall and offers features like premium calculation, weather monitoring, and policy generation.
CelsiusPro Group CEO Mark Rueegg, says “the effects of climate change and natural catastrophe events are increasingly felt in the Pacific. Our continued partnership with Tower and the introduction of Rainfall Response Cover is a testament to our combined efforts in providing financial resilience and accessible parametric cover for the region.”
Rainfall Response Cover is being launched as a pilot for the 2025–2026 wet season with support from the United Nations Capital Development Fund (UNCDF) and Pacific Insurance and Climate Adaptation Programme, and in partnership with the RBF under the InsuResilience Solutions Fund (ISF) project.
Under the ISF project, the ISF and the RBF will be providing premium subsidies during the pilot phase. Policies will be provided to Fijian communities via partnerships established under theproject. Insights from the pilot will inform a nationwide rollout ahead of the 2026–2027 season, with the potential expansion to other Pacific territories where Tower operates.
Rainfall Response Cover builds on Tower’s successful rollout of parametric Cyclone Response Cover in partnership with the UNCDF in Fiji (2022), Tonga and Samoa (2023), alongside a custom parametric insurance platform launched with CelsiusPro in 2024.
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