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Current Strategic Plan

CCRIF SPC Strategic Plan 2022-2025 CCRIF SPC Strategic Plan 2022-2025

CCRIF’s Strategic Plan 2022 – 2025 has been produced at a time when the world and indeed our member governments and their populations continue to face unprecedented disruptive effects. Latin America and the Caribbean (LAC) is considered the region in the developing world that has been hardest hit by the pandemic, resulting in the worst economic contraction in the history of this region. This has been characterized by sharp increases in unemployment, which have had a knock-on effect on household incomes and the ability of families to meet basic needs. There also has been falling commodity prices, reduction in international trade and increases in the poverty rate, among other issues.


Current Annual Report

CCRIF SPC Annual Report 2021-2022 CCRIF SPC Annual Report 2021-2022

For the past 15 years we have been able to consistently provide quick liquidity to our members within 14 days of a natural disaster when a country’s policy is triggered. This helps governments meet their most pressing needs after the disaster, support the most vulnerable in their population and continue government operations. Our member governments have demonstrated year after year that they are leading the way in putting fi nancial protection mechanisms in place to address disaster risk. Indeed, our governments are exploring innovative solutions to complement CCRIF’s products, which serves to promote our message that disaster risk financing strategies are critical to a country’s long-term sustainable development.


Most Recent Event Report

Preliminary Event Briefing - Earthquake - Antigua and Barbuda - April 16 2023 Preliminary Event Briefing - Earthquake - Antigua and Barbuda - April 16 2023

A magnitude 5.2 earthquake occurred at 09:49:51 (UTC) on 16 April 2023, 39.1 km (24.3 mi) SWS of Codrington, Barbuda, Antigua and Barbuda; 83.5 km (51.9 mi) SSW of Saint John, Antigua and Barbuda and 140.8 km (87.5 mi) WSW of Saint George Basseterre, Saint Kitts and Nevis. Initial estimates from the United States Geological Survey (USGS) located the epicentre of the event at 17.800°N, 61.508°W, and at a depth of 25.8 km (16.03 mi).


Recent Technical Material

The Evolution of CCRIF's Parametric Insurance Models The Evolution of CCRIF's Parametric Insurance Models

CCRIF’s ability to provide parametric insurance coverage has always been underpinned by its parametric insurance models – which have evolved over the years... moving from off the shelf models, to CCRIF customized models and fi nally to models that are fully owned by CCRIF.
From its inception, CCRIF has based its operations on continuous improvement, and this has emerged as one of the core principles underpinning its corporate governance framework.


Other Materials

About Us - February 2023 About Us - February 2023

CCRIF has 24 members – 8 more than the original 16 governments that joined in 2007 – 3 from Central America and 19 from the Caribbean and 2 electric utility companies. CCRIF helps to mitigate the short-term cash fl ow problems small developing economies suffer after major natural disasters.
A critical challenge is often the need for short-term liquidity to maintain essential government services until additional resources become available.


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