CCRIF SPC - Caribbean Catastrophe Risk Insurance Facility

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) provides parametric insurance policies for tropical cylcones, excess rainfall and earthquakes for Caribbean and Central American gov'ts, thereby limiting the financial impact of these hazards by quickly providing financial liquidity to member gov'ts when a policy is triggered.
Type of institution
Regional organizations
Region
Central America and the Caribbean
Risks
Heavy rain/Flood
Drought
Wind-related
Others

Related case studies

Climate risk adaptation and insurance in the Caribbean: the Livelihood Protection Policy

Appropriately designed weather risk insurance solutions can help people respond better to weather-related threats. The Livelihood Protection Policy (LPP) is a weather index based insurance policy designed specifically to help vulnerable, low-income individuals recover from the damage caused by strong winds and/or heavy rainfall during hurricanes and tropical storms.

  • Sub-national and households
  • Heavy rain/Flood
  • Wind-related
  • Livelihoods
  • Central America and the Caribbean
  • Individuals/Households
  • Index-based
  • International development communities
  • Private sector

The Caribbean Catastrophe Risk Insurance Facility (CCRIF)

CCRIF SPC is a not-for-profit risk pooling facility, owned, operated and registered in the Caribbean for Caribbean governments. It offers parametric insurance designed to limit the financial impact of catastrophic tropical cyclones, earthquakes and excess rainfall events on Caribbean governments by quickly providing short-term liquidity when a policy is triggered.

  • International/Regional
  • Heavy rain/Flood
  • Wind-related
  • Property/Infrastructure
  • Central America and the Caribbean
  • Public sector/Infrastructure
  • Financial institutions
  • Index-based
  • International development communities
  • Governmental institutions
  • Private sector