rainfall

The Government of Jamaica has decided to extend the coverage it receives from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to include cover for flooding and periods of unusually heavy rainfall. The Minister of Finance told the press that he expected the extension to the facility to come into effect by the end of January […]

A new microinsurance product is targeting cooperatives in the Philippines to give them an affordable source of parametric insurance to protect them against the knock on effects to their loan portfolios from extreme weather events involving wind and rainfall.

Once again the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has hit the headlines because a tropical storm has failed to trigger a payout from the disaster facility despite high levels of destruction and losses. Tropical storm Nicole caused heavy damage on Jamaica due to heavy rainfall but as it didn’t reach hurricane status Jamaica won’t […]

The Guyanese government have issued a press release calling on the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to get its much discussed rainfall insurance product ready by year end. The CCRIF teamed up with the Caribbean Institute of Meteorology and Hydrology (CIMH) to create and launch a rainfall model for the Caribbean which can be […]

The China Daily newspaper is today reporting that the country may have it’s first weather insurance policies before the end of the year. The policies will be designed to help farmers cope with economic losses and hardship resulting from natural disasters.

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.

WeatherBill have today launched a new product aimed at people from the U.S. who are going on vacation and want some piece of mind that should it rain they will get some financial compensation.

Here’s an interesting case where weather insurance has been purchased, it’s rained on the day of an event and the organisers are even more happy than if it hadn’t rained at all. A rare thing you might think. The town of Amherts in Massachusetts was celebrating it’s 250th anniversary with a parade that day. The […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has joined up with the  Caribbean Institute for Meterology and Hydrology (CIMH) and Kinetic Analysis Corporation (Kinanco) to develop and test a parametric excess rainfall insurance product for catastrophic flood coverage in the region.The new rainfall product will be particularly relevant for the agricultural industry. It will also […]

Iffco Tokio have announced today that they are expanding the availability of their Barish Bima Yojna insurance product to further districts. The product, designed to protect farmers crops from either deficit or excess rainfall, has been well received and should serve as a model for others seeking to tap emerging markets with micro-insurance products to […]