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Happening at World Bank - April 18, 2015

Signing of Caribbean and Central America Partnership for Catastrophe Risk Management @WorldBank - Saturday, 18th April, 2015Isaac Anthony, CEO, CCRIF SPC signs Partnership Agreement for the Republic of Nicaragua, CCRIF SPC's newest member

Signing of Caribbean and Central America Partnership for Catastrophe Risk Management @WorldBank - Saturday, 18th April, 2015

Isaac Anthony, CEO, CCRIF SPC signs Partnership Agreement for the Republic of Nicaragua, CCRIF SPC's newest member

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CCRIF Happenings

Recent News

Caribbean and Central American countries formalize partnership for catastrophe risk insurance

Nicaragua is the first Central American country to sign up to the insurance

 

Bridgetown, Barbados, December 9, 2014 – Yesterday, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made an official presentation of US$1,284,882 to the Government of Barbados. This payment was due to Barbados under its excess rainfall insurance policy which was triggered by rains from a trough system that occurred in the Eastern Caribbean on November 21 and 22  2014. Barbados was the only CCRIF member country with an excess rainfall policy that was affected by this trough system.  

Hazard Report(s)

The Caribbean Rainfall Model (operated by Kinetic Analysis Corporation (KAC)) indicated that a Covered Area Rainfall Event (CARE) was generated in Haiti starting on 20 May 2015 and ending on 22 May 2015.

Featured Article

Hurricane Sandy passed through the Caribbean in October 2012, affecting three CCRIF member countries – Haiti, Jamaica and The Bahamas, although not to the extent of triggering their tropical cyclone policies.

Featured Report(s)

This report was prepared at the request of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) with support from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to assess strategies for linking the ECLAC Damage and Loss Assessment (DaLA) Methology to the Post Disaster Needs Assessment (PDNA).

Assessment_of_Strategies_for_linking_the_DaLA_and_PDNA_2014.pdf

The objective of this study is to determine whether the assessments carried out by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) on the impact of disasters over the past decade accurately captured the extent of the damage experienced by caibbean states during this period, by comparing these estimates to actual recovery costs incurred by country.

Review_of_ECLAC_DaLA_Assessments_in_the_Caribbean_2014.pdf


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