“For every village a different culture” is the expression that best describes the hundreds of separate behavioural rules and structures, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm, genuine smile, and the salutation “monin tru”, or “a very good morning”, is considered the polite early day...
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Articles & Analysis | Facts for visitors to PNG from The Report: Papua New Guinea 2015
Interviews & Viewpoints | Brian Kelly, CEO, Black Swan International: Viewpoint from The Report: Papua New Guinea 2015
Surveys show that security risks are the most pressing concern for businesses operating in PNG. While discussing risk, however, we often imply that it is possible to clearly articulate or measure the concept. However, the accuracy of crime data – usually provided by PNG’s law enforcement agencies or the National Intelligence Organisation – are...
Articles & Analysis | PNG hotel and resort listings from The Report: Papua New Guinea 2015
Hotel listings and other general information for visitors to Papua New Guinea
Articles & Analysis | International insurance firms face challenges covering PNG from The Report: Papua New Guinea 2015
Facing extreme risks from natural disasters, as a result of the country’s location on the geological “Ring of Fire”, insurance is a much-needed service in Papua New Guinea. PNG has frequent earthquakes and is home to a number of active volcanoes. The city of Rabaul was destroyed by volcanic eruptions in 1934 and again in 1994. In 2014, one of...
Interviews & Viewpoints | Philip Tolley, Managing Director, Capital Insurance: Interview from The Report: Papua New Guinea 2015
How would you assess the likely risks for the insurance industry in Papua New Guinea at present?
Articles & Analysis | Working to extend insurance to PNG's general populace from The Report: Papua New Guinea 2015
Due to several factors, Papua New Guinea is one of the least insured countries in the world. It is estimated that premiums comprise just 1.4% of GDP, according to the Pacific Financial Inclusion Programme (PFIP). Other regional competitors and peers have significantly higher rates. The PFIP puts Fiji, for example, at 3.6%. Swiss Re, which does...