On September 3 and 4, the Caribbean Development Bank (CDB), CCRIF SPC and CAF – Development Bank of Latin America and the Caribbean hosted the 2nd Wider Caribbean Regional Risk Conference 2025. The event was organized as a hybrid event, in-person in Barbados and live streamed globally by UWI TV – in English, Spanish and French.

The 2nd Wider Caribbean Regional Risk Conference forms part of a broader ‘Integrated Sovereign Risk Management in the Caribbean’ Project, launched by CDB and CCRIF in 2017.

The final runs of the CCRIF tropical cyclone loss model for wind and storm surge have produced government losses for The Bahamas for all the three Tropical Cyclone policies active for the country, specifically for The Bahamas – Northwest, The Bahamas – Central and The Bahamas – South East, due to Tropical Cyclone Imelda.

The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of the excess rainfall policies for The Bahamas-Central and The Bahamas – South East, and therefore no payout is due for these policies. However, the CARE activated the WST Endorsement1 for the Excess Rainfall policy for The Bahamas – Central, since the Wet Index was above the WST Payment threshold.

Tropical Cyclone Melissa is the thirteenth named cyclone and the fifth hurricane of the 2025 Atlantic Hurricane Season. From 25 to 27 October, Tropical Cyclone Melissa moved very slowly westward, passing nearly parallel to the southern coast of Jamaica at a minimum distance of about 110 mi (180 km).

The final runs of the CCRIF tropical cyclone loss model for wind and storm surge produced government losses for Jamaica. The government losses for Jamaica are above the Attachment Point of the Tropical Cyclone policy and therefore a payout of US$ 70,803,832 is due.

This event briefing describes the impact of rainfall on Jamaica, which was associated with a Covered Area Rainfall Event (CARE) starting on 27 October 2025 and ending on 30 October 2025, this CARE is associated with Tropical Cyclone Melissa. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was above the attachment point of Jamaica’s Excess Rainfall policy, and therefore a payout of US$21,085,8560 is due to the Government of Jamaica on its Excess Rainfall policy.

This event briefing describes the impact of rainfall on Haiti, which was associated with a Covered Area Rainfall Event (CARE) starting on 28 October 2025 and ending on 29 October 2025 associated with TC Melissa. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of Haiti’s Excess Rainfall policy, and therefore no payout is due to the Government of Haiti on its Excess Rainfall policy.