The Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) is a multi-country risk pool that provides parametric disaster risk transfer to Caribbean and Central American nations.
Read our Caribbean Catastrophe Risk Insurance Facility news and analysis on this page.
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is doing a good job of providing governments of the Caribbean with certainty that they will receive payments should storms or hurricanes above a certain magnitude hit their islands. It also see’s itself as a potential source of agricultural crop weather insurance.
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The sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have all renewed their policies in time for the hurricane season this year. With forecasters predicting an 85% chance of an above average Atlantic hurricane season this year it’s now surprise they all took advantage of this cover.
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The Caribbean Catastrophe Risk Insurance Facility has announced that the earthquake which struck Haiti yesterday was sufficiently severe to trigger the full policy limit for their earthquake coverage. Haiti has paid $385,500 for it’s cover and will receive a payment of $8m after the standard 14 day waiting period the facility enforces. That’s a much […]
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