What products does CCRIF offer?
CCRIF has, in its first three years of operation, offered separate hurricane (wind) and earthquake policies. Caribbean governments may purchase coverage which triggers for a ‘one-in-15-year’ hurricane and a ‘one-in-20-year’ earthquake, with maximum coverage of US$100M available for each peril. The cost of coverage is a direct function of the amount of risk being transferred, ensuring no cross-subsidisation of premiums and a level playing-field for all participants.