Grand Cayman, Cayman Islands, October 16, 2019. CCRIF SPC is pleased to welcome the Government of Guatemala to the Facility as its third Central American member. Guatemala has purchased parametric insurance cover for excess rainfall for the 2019/20 policy year. CCRIF’s membership now stands at 22 countries – 19 from the Caribbean and 3 from Central America.
Grand Cayman, Cayman Islands, September 26, 2019. CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the country affecting 2 of the 16 main islands that make up this archipelago of islands and cays.
  20191004_CCRIF_FinalEventBriefing_COAST_GRD-TC-Karen.pdfUnder the Tropical Cyclone (TC) component of CCRIF ́s fisheries model loss calculation protocol, a report is required for any tropical cyclone affecting at least one member country with winds greater than 39 mph (62.7 km/h). For Grenada, Tropical Cyclone Karen qualified as a Loss Event3 under the TC component of the country’s COAST policy. |
The OECS Commission and the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) continue efforts to strengthen resilience in at-risk communities through flood mitigation initiatives and disaster prevention sensitisation at the community level ..... See full article
