This event briefing describes the impact of rainfall on Panama, which was associated with a Covered Area Rainfall Event (CARE) starting on 31 October 2024 and ending on 04 November 2024. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was above the attachment point of Panama’s Excess Rainfall (XSR) policy and Panama’s FAP1 Excess Rainfall policy (referred to as the Panama FAP Excess Rainfall policy), and therefore payouts of US$7,599,765.00 for Panama’s XSR policy and US$19,100,504.00 for the Panama FAP XSR policy are due to the Government – for a total payout of US$26,700,269.00.