Grand Cayman, Cayman Islands, July 29, 2022. CCRIF SPC is pleased to announce that its member governments have renewed their parametric insurance coverage for tropical cyclones, excess rainfall and earthquakes, and the fisheries sector for the policy year 2022/23, which began on June 1, 2022. For the earthquake, tropical cyclone and excess rainfall policies, members ceded over US$1.2 billion in coverage – an increase of 10 per cent over the previous year. Thirteen member governments increased their coverage compared with the 2021/22 policy year.
March 1, 2022, BRIDGETOWN, Barbados and GRAND CAYMAN, Cayman Islands – The Caribbean Development Bank (CDB) and CCRIF SPC will host the 2022 Caribbean Regional Risk Conference on April 6 & 7, to provide a forum for policymakers, senior technocrats, and other stakeholders to explore country risk management and risk governance.
Grand Cayman, Cayman Islands, February 2, 2022. Today, CCRIF and Guardian General Insurance Limited signed a Memorandum of Understanding to offer individuals and organizations such as cooperatives and non-governmental organizations (NGOs) and their members the ability to protect themselves against economic losses that result from extreme weather associated with wind and rain.
Grand Cayman, Cayman Islands, November 16, 2021. CCRIF celebrates the success of its 2021 Regional Internship Programme: “Providing Young Caribbean Nationals with Work Experience from Anywhere”
Grand Cayman, Cayman Islands, November 10, 2021. CCRIF SPC is pleased to announce that the Government of Ireland – through Irish Aid – has provided €1 million (US$1.16 million) to support the rollout of COAST – CCRIF’s parametric insurance product for the fisheries sector – in five additional CCRIF member countries in the Caribbean. The Caribbean Ocean and Aquaculture Sustainability Facility (COAST) initiative was launched by CCRIF SPC with support from the World Bank and the US State Department in 2019.
Grand Cayman, Cayman Islands, October 25, 2021. CCRIF has recently provided another grant to the Government of Belize of US$43,140 to further enhance its early warning systems for extreme rainfall events. Since 2017, CCRIF has been supporting Belize to purchase and install automatic weather stations with grants totalling US$143,000. The first grant of US$100,000 in 2017, facilitated the purchase of 30 new automatic weather stations that were installed throughout the country.