CCRIF SPC

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Panama joins CCRIF, buys parametric rainfall cover

The CCRIF SPC (formerly named the Caribbean Catastrophe Risk Insurance Facility) has expanded its parametric risk pool to include Panama, as the Central American country joins the provider of parametric sovereign disaster risk transfer products and signs up for excess rainfall protection.The CCRIF is a multi-country risk pool, providing parametric read the full article →

Barbados gets $5.8m CCRIF payout, Trinidad & Tobago seeks one

The passage of tropical storm Kirk close to Barbados in October triggered the Caribbean nations parametric rainfall insurance policy under the CCRIF SPC, resulting in a $5.8 million payout.The CCRIF SPC (formerly called the Caribbean Catastrophe Risk Insurance Facility) has made a payout of $5.8 million to Barbados under its read the full article →