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CCRIF Happenings

Recent News

November 7, 2016. Port-au-Prince, Haiti - Today the CEO of CCRIF SPC, Mr. Isaac Anthony met with Haiti’s Minister of Finance, Hon. Yves Bastien and his advisors to discuss the recent payouts of US$23.4 million to Haiti made under the country’s tropical cyclone and excess rainfall policies, as a result of Hurricane Matthew’s passage through that country last month.
Grand Cayman, Cayman Islands, October 20, 2016 – On Monday October 17, CCRIF SPC completed payments totalling US$29,204,248 to the four CCRIF member countries affected by Hurricane Matthew. These payouts were made to Haiti, Barbados, Saint Lucia and St. Vincent & the Grenadines on their Tropical Cyclone and/or Excess Rainfall insurance policies – all within 14 days of the end of the event.

Hazard Report(s)

PDF icon 20160610_CCRIF_Event Briefing_Nicaragua_EQ20160611_M6.1_Final.pdf

A magnitude 6.1 Earthquake occurred at 03:25:22 UTC on 10 June 2016, (21:25:22 9 June local time), at 17 km (10.6 mi) E of Puerto Morazan, Nicaragua, 25 km (15.5 mi) NE of El Viejo, Nicaragua, 25 km (15.5 mi) SSW of Somotillo, Nicaragua, 26 km (16.2 mi) NNE of Chinandega, Nicaragua and 114 km (71 mi) NW of Managua, Nicaragua´s capital city. Initial estimates from the United States Geological Survey (USGS) locates the epicentre of the event at 12.841° N, 87.013°W, and at a depth of 10.0 km (6.2 mi).

Featured Article

Hurricane Sandy passed through the Caribbean in October 2012, affecting three CCRIF member countries – Haiti, Jamaica and The Bahamas, although not to the extent of triggering their tropical cyclone policies.

Featured Report(s)

On April 18, 2015, COSEFIN members and CCRIF SPC gathered together to formally sign a Memorandum of Understanding allowing Central American countries access to low-cost, high-quality sovereign parametric catastrophe risk insurance through CCRIF SPC.

This report was prepared at the request of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) with support from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to assess strategies for linking the ECLAC Damage and Loss Assessment (DaLA) Methology to the Post Disaster Needs Assessment (PDNA).


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