The CCRIF Strategic Plan 2018 – 2021 is being implemented during a period in which CARICOM has declared its bold ambition to make the Caribbean the first climate-resilient zone in the world. CCRIF wishes to play its part in helping our region realize this stated ambition. Thus, as CCRIF enters its second decade of operations, additional financing and capital injection will be required to support growth and to facilitate scaling up – that is increasing coverage levels amongst existing members, adding new members and offering new products.
For the 2019/20 policy year, all CCRIF members renewed their existing parametric insurance coverage; and 10 members increased their level of coverage for at least one of their policies compared to the 2018/19 policy year. Members purchased a total of 59 policies: 21 tropical cyclone (TC) policies, 15 earthquake (EQ) policies, 21 excess rainfall (XSR) policies and 2 COAST (fisheries) policies – an increase of four policies compared with the previous year. The total coverage limit for Caribbean and Central American members was US$972.9 million – an increase of almost 30 per cent over policy year 2018/19.
A magnitude 5.3 earthquake occurred at 18:27:29 UTC on 16 October 2021, 75.0 km (46.6 mi) SSW of George Town, Cayman Islands; 80.9 km (50.3 mi) SSW of West Bay, Cayman Islands and 81.1 km (50.4 mi) SW of Bodden Town, Cayman Islands. Initial estimates from the United States Geological Survey (USGS) located the epicentre of the event at 18.701°N, 81.727°W, and at a depth of 10.0 km.
A fun and interactive booklet for us kids to better understand natural hazards, disasters and climate change
and our roles in #preparing, #keepingsafe and #sharing information with our #friends and #family and #community
The booklet was developed as part of an initiative responding to requests from some of our stakeholders to become more involved in disaster risk reduction (DRR) activities “on the ground” and specifically to develop a disaster risk reduction programme in schools that would inculcate a culture of resilience and safety in our children. CCRIF always seeks to meet the needs of its member countries and consequently we have developed a Regional Disaster Risk Education and Communications Programme, which includes support for formal DRR community education, DRR programmes in schools and DRR communications for the general public.
COAST is an innovative climate risk insurance mechanism to promote: food security; livelihoods of fisherfolk; resilient fisheries; sustainable management of coastal infrastructure; and disaster risk reduction in the Caribbean.