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.
Jamaica was affected by a tropical wave and Tropical Cyclone Ida resulting in adverse weather conditions that occurred in the period between 26 August and 28 August, 2021. During this period, Jamaica was affected by moderate to heavy rainfall.
This event briefing describes the impact of rainfall on Jamaica, which was associated with a Covered Area Rainfall Event (CARE), starting on 26 August and ending on 29 August, 2021.
This document is a “toolkit” designed for NGOs and CBOs to enable them to prepare and submit project proposals to the CCRIF Small Grants Programme. This programme provides grants between US$5,000 and US$25,000 to NGOs CBOs and academic institutions to implement community-based disaster risk reduction projects.
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.