Grand Cayman, Cayman Islands, July 29, 2021. Following Tropical Cyclone Elsa, CCRIF made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policies, totalling US$2.5 million. CCRIF also made payments totalling US$528,512 to three other member governments – Haiti, Saint Lucia, and St. Vincent and the Grenadines – under the Aggregate Deductible Cover (ADC) feature of CCRIF’s tropical cyclone policies. Hurricane Elsa was the fifth tropical cyclone in the 2021 Atlantic Hurricane Season.
Grand Cayman, Cayman Islands, June 14, 2021. CCRIF SPC is pleased to announce that its member governments have renewed their parametric insurance coverage for tropical cyclones, excess rainfall, earthquakes, and the fisheries sector ahead of the upcoming 2021 Atlantic Hurricane Season.
Grand Cayman, Cayman Islands, April 19, 2021. CCRIF has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million) to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano. According to CCRIF CEO, Mr.
Grand Cayman, Cayman Islands, March 19, 2021. CCRIF SPC now invites applications for scholarships under the CCRIF Scholarship Programme. These scholarships are open to Caribbean nationals who intend to pursue postgraduate studies at the master’s level in areas such as Disaster Risk Financing, Disaster Risk Management (DRM), Risk Management and Modelling, Climate Change/Climate Studies, Civil with Environmental/Climate Engineering, Actuarial Science, Meteorology, or an MBA with a major in risk management and/or insurance or a related field.
Panama City, Panama. March 12, 2021. The Directorate of Investments, Concessions and State Risks (DICRE) of the Ministry of Economy and Finance (MEF) of Panama, and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), with the support of the World Bank, held a technical workshop on CCRIF’s parametric insurance products, held virtually on March 11 and 12, for government officials responsible for disaster risk management.
Grand Cayman, Cayman Islands, December 9, 2020. CCRIF has made payouts totalling US$30.6 million to the Government of Nicaragua following the passage of Tropical Cyclones Iota and Eta, which made landfall as Category 4 hurricanes along the Nicaraguan coast within two weeks of each other in November. Both hurricanes resulted in landslides and flooding, displacing thousands, with Nicaragua’s National Disaster Prevention System (SINAPRED) reporting that at least 16 persons died and many are still missing.