This event briefing describes the impact of rainfall on Sint Maarten which was associated with a Covered Area Rainfall Event (CARE) starting on 14 April and ending on 14 April 2026. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of Sint Maarten’s Excess Rainfall policy, and therefore no payout is due to the Government of Sint Maarten.
This event briefing describes the impact of rainfall on Haiti, which was associated with a Covered Area Rainfall Event (CARE) starting on 13 April and ending on 13 April 2026. 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. This CARE did not activate the Wet Season Trigger or Localized Event Trigger endorsement of the Excess Rainfall policy and therefore no payout under either endorsement is due.
In 2024, Hurricane Beryl reaffirmed the region’s vulnerability and CCRIF’s relevance. With US$84.5 million in payouts to seven members, including governments, electric and water utilities, and a tourist attraction, CCRIF demonstrated the power of parametric insurance and quick liquidity to protect lives, livelihoods, and public infrastructure.
As COP30 convenes under the banner of accelerating climate finance and adaptation, the Resilience Risk Pools alliance — comprising the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) — reite
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.
