Central America & Caribbean Catastrophe Risk Insurance

The World Bank (WB) has approved a $24 million loan transaction that enables Honduras and Nicaragua to enter into the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), which was the world’s first multi-country catastrophe risk pooling mechanism, is seeking to expand to include Latin American countries and has approached the World Bank for support.