parametric

While attention is focused on the damage caused by hurricane Isaac when it ploughed into the Louisiana coastline it is easy to forget that before Isaac reached the U.S. the storm caused extensive damage in the Caribbean. The worst affected island appears to have been Haiti, which Isaac struck while a strong tropical storm bringing […]

Earlier this week we wrote that the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries, had finalised their renewals for the 2012-2013 policy year. All 16 of their member countries renewed their hurricane and earthquake cover and now the CCRIF are actively […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the non-profit multi-country catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries, have announced that all 16 of their member countries have renewed their policies for the 2012-2013 year. Cover provided by the CCRIF since 2007 includes hurricane and earthquake cover, both of […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the non-profit multi-country risk pooling facility who provide parametric disaster cover to Caribbean countries, will be launching its long-awaited excess rainfall product in June according to an article in Business News Americas. The development of the parametric rainfall insurance policy was delayed due to technical issues and a […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a non-profit multi-country risk pooling initiative providing parametric hurricane or earthquake disaster cover to Caribbean countries, has scheduled its long-awaited parametric excess rainfall insurance product for the end of this year. Originally targeted for 2010, the product was eventually delayed due to the conclusion that the model used […]

Southeast Europe and the Caucasus countries stand to benefit from a grant to the World Bank backed catastrophe and weather risk reinsurance vehicle Europa Re. Europa Re was set up to help these countries develop their own catastrophe and weather risk insurance markets by providing a solid, backed, reinsurance vehicle and risk management tools, techniques […]

Parametric trigger insurance is helping to make insuring public entities simpler despite the increasing severity and frequency of natural disasters in many parts of the world, according to Steve Jackson, CEO Latin America of broker Cooper Gay. Speaking at an event in Miami las week, Jackson highlighted the role parametric triggers can play in public-private […]

Reinsurer Swiss Re and it’s member colleagues of the Microinsurance Catastrophe Risk Organisation (MiCRO) are to develop a parametric microinsurance policy aimed at women entrepreneurs in Haiti. The scheme will offer a way to enable Haitian women struck by cholera with a rapid insurance payment for income lost by their businesses due to their illness. […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), a non-profit multi-country risk pooling facility providing parametric hurricane and earthquake cover to Caribbean countries, has announced that it is making its Real-Time Forecasting System available to all of its members.

Risk modeller AIR Worldwide have announced the release of a new tropical cyclone model for Central America. The new model covers Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama offering modelling technology for the effects of both wind and precipitation induced flooding which are the two main causes of damage from tropical storms […]