This event briefing is designed to review the modelled losses due to wind, storm surge and excess rainfall calculated by CCRIF’s CWUIC model for a rainfall event that occurred during 5 May 2026 for affected CCRIF member water utilities. The Bahamas Water and Sewerage Corporation was the only CCRIF water utility member for which the CCRIF CWUIC loss model for wind, storm surge and excess rainfall produced losses due to this rainfall event.
This event briefing describes the impact of rainfall on the northern region of The Bahamas. The Bahamas has 4 Excess Rainfall policies: The Bahamas - Southeast, The Bahamas - Central, The Bahamas - North and The Bahamas - Extreme North. This rainfall was associated with a Covered Area Rainfall Event (CARE) in The Bahamas - North area, starting on 5 May 2026 and ending on 5 May 2026.
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
