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Description

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is a not-for-profit risk pooling facility, owned, operated and registered in the Caribbean for Caribbean governments. It offers parametric insurance designed to limit the financial impact of catastrophic tropical cyclones, earthquakes and excess rainfall events on Caribbean governments by quickly providing short-term liquidity when a policy is triggered.

English
Publication Type
Description

In 2014, the facility was restructured into a segregated portfolio company (SPC) to facilitate offering new products and expansion into new geographic areas and is now named CCRIF SPC. The new structure, in which products are offered through a number of segregated portfolios, allows for total segregation of risk.

English
Publication Type
Description

Governments are often challenged with the significant task of financing recovery efforts after a disaster. Whilst dealing with the fiscal demands to undertake relief operations such as ensuring the availability of emergency assistance and sourcing funding for shelter, food and medical attention for displaced persons, governments also have to contend with the simultaneous challenge of mobilising enough resources to undertake the medium- to long-term recovery and reconstruction process.

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Publication Type
Description

This Report, “CCRIF – A Stakeholder Analysis” was prepared from information obtained through a Beneficiary Assessment of CCRIF undertaken by the World Bank in June 2011. The purpose of this Report “CCRIF – A Stakeholder Analysis”, commissioned by the CCRIF, is to expand on the results of the Beneficiary Assessment and to determine, based on members’ and stakeholders’ views, how to enhance the operations of the Facility to meet the needs of its members and stakeholders, whilst at the same time achieving the vision and mission of the Facility.

English
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