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Jamaica questions CCRIF model after floods fail to trigger policy

There are questions being asked in Jamaica about the risk model that underpins the regional catastrophe insurance policies issued by the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), after torrential rainfall and resulting flooding in May failed to trigger the countries parametric coverage.According to reports from the island read the full article →

Nicaragua gets $1.1m parametric CCRIF payout for hurricane Otto

Nicaragua has benefited from a $1.1 million parametric insurance policy payout from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) after hurricane Otto triggered a payout to its tropical cyclone insurance coverage.Hurricane Otto was the 16th named storm of the 2016 Atlantic Hurricane Season, forming as a very read the full article →

Barbados to see $975k from CCRIF parametric payout for Matthew

Barbados is set to receive a $975,000 payout thanks to its parametric tropical cyclone insurance policy from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), after hurricane Matthew triggered the facility.The payout is actually from when Matthew was still a tropical storm, affecting five of the CCRIF's member read the full article →

CCRIF gets new World Bank and EC backing to expand

The CCRIF SPC, formerly known as the Caribbean Catastrophe Risk Insurance Facility, has received fresh backing from the World Bank and the European Commission to help to broaden the access to its parametric insurance products across Central America and the Dominican Republic.The European Commission and the World Bank signed a read the full article →