Grid Press Releases

CCRIF and Guardian General Insurance Limited Sign MOU to Scale Up Access to Microinsurance in the Caribbean

Grand Cayman, Cayman Islands, February 2, 2022. Today, CCRIF and Guardian General Insurance Limited signed a Memorandum of Understanding to offer individuals and organizations such as cooperatives and non-governmental organizations (NGOs) and their members the ability to protect themselves against economic losses that result from extreme weather associated with wind and rain.

CCRIF Places 34 Interns in Organizations Across the Caribbean… Building the Capacity of Young Professionals and Helping them Gain Valuable Work Experience

Grand Cayman, Cayman Islands, November 16, 2021. CCRIF celebrates the success of its 2021 Regional Internship Programme: “Providing Young Caribbean Nationals with Work Experience from Anywhere”

CCRIF Welcomes Grant of €1 million (US$1.16 million) from Irish Aid, Allowing Five Additional Caribbean Countries to Access Fisheries Insurance

Grand Cayman, Cayman Islands, November 10, 2021. CCRIF SPC is pleased to announce that the Government of Ireland – through Irish Aid – has provided €1 million (US$1.16 million) to support the rollout of COAST – CCRIF’s parametric insurance product for the fisheries sector – in five additional CCRIF member countries in the Caribbean. The Caribbean Ocean and Aquaculture Sustainability Facility (COAST) initiative was launched by CCRIF SPC with support from the World Bank and the US State Department in 2019.

CCRIF Strengthens Belize’s Early Warning Systems Capacity for Rainfall and Climate Forecasting with Grants Totalling US$143,000 (Belize $288,000/ Eastern Caribbean $386,000)

Grand Cayman, Cayman Islands, October 25, 2021. CCRIF has recently provided another grant to the Government of Belize of US$43,140 to further enhance its early warning systems for extreme rainfall events. Since 2017, CCRIF has been supporting Belize to purchase and install automatic weather stations with grants totalling US$143,000. The first grant of US$100,000 in 2017, facilitated the purchase of 30 new automatic weather stations that were installed throughout the country.

Trinidad and Tobago Receives US$2.4 Million Payout following August 18-20 Rainfall Event

Grand Cayman, Cayman Islands, September 3, 2021. CCRIF SPC has made a payout of approximately US$2.4 million to the Government of Trinidad and Tobago following a rainfall event that occurred during August 18-20, 2021. Caused by an Inter-Tropical Convergence Zone, the heavy rainfall resulted in flooding and landslides across southern and western Trinidad, making several roads impassable.