News

The “Livelihood Protection Policy” (LPP) was launched in Grenada on January 22, 2014. This new insurance product is designed to protect low-income people against extreme weather risks. Grenada becomes the third country in the region – following Saint Lucia and Jamaica – to offer this new product, which was developed by the “Climate Risk Adaptation and Insurance in the Caribbean” project.

Grand Cayman, August 19, 2013 – Over a two-day period, August 14 – 15, 25 meteorologists and disaster managers from across the region benefitted from training in the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF’s) Real-Time Forecasting System (RTFS). The RTFS is an innovative forecasting tool which is designed to assist countries with pre-storm planning.

Grand Cayman, Cayman Islands, August 19, 2013 – The sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) renewed their hurricane and earthquake insurance for the 2013/14 policy year that started June 1. Since CCRIF’s inception in 2007 – and despite increasing economic and financial pressures – member countries have recognised the value of including CCRIF’s parametric hurricane and earthquake coverage in their national disaster risk management strategies.
 

Kingston, Jamaica, April 15, 2013 – On Friday April 12, 2013 the Government of Jamaica and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) signed a Memorandum of Understanding (MoU), formalising a donation of US$100,000 made by CCRIF to the Government of Jamaica to support Jamaica’s post-disaster recovery and restoration initiatives following the effects of Hurricane Sandy in October 2012.  The MoU signing and exchange took place at the Ministry of Finance and Planning in Kingston, Jamaica.

Grand Cayman, Cayman Islands, March 25, 2013 – On Monday 25th March 2013, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) opened its 2013 Extra-Regional Scholarship application process.