Annual Policy Renewal Road Show

Each year, as part of policy renewals, CCRIF undertakes a “road show” during the months leading up to the Facility’s new policy year which begins on June 1st. The purpose of the policy renewals road show is to engage with all member governments to discuss details of the CCRIF coverage they wish to purchase for the upcoming year and present updates and information related to model changes and enhancements as well as new products being developed. These country meetings enhance understanding of the full range of CCRIF’s products and services and the importance of risk transfer and its relationship with financial protection and sustainability. Also, they provide an opportunity to interact one-on-one with member governments to discuss any issues they may
wish to address.

From April to May 2018, a CCRIF team led by the CEO conducted 15 meetings with member governments of the Caribbean, which included representatives of ministries of finance, disaster management and meteorology agencies. Country-specific briefing documents and presentations were produced for each country.

Discussions at policy renewal meetings centred on:

• Review of hazard events and payouts from the previous year 2016/17
• New developments within the Facility: the new Excess Rainfall (XSR 2.1) model and new products being developed for drought, agriculture and fisheries as well as the Livelihood Protection Policy
• Details of coverage levels, policy options and discounts on offer for the 2018/2019 policy year
• A brief overview of CCRIF’s technical assistance programme

For Central America, CCRIF met with stakeholders in member country Nicaragua as well as Panama, El Salvador and Guatemala through both teleconferences and in-person meetings. These meetings took place on the margins of the Understanding Risk Forum held in Mexico City in May 2018 and included a workshop for Government of El Salvador officials on the Excess Rainfall policy pricing tool.