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.
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.
This third publication of technical papers, which focuses on work completed by recipients of CCRIF scholarships who have completed a Masters degree in areas related to disaster risk management.
This book provides answers to questions frequently asked by persons who wish to learn more about CCRIF and its products and services. It is an update to the publication, “A Guide to Understanding CCRIF – A Collection of Questions and Answers”.
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.
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.
This report provides an analysis of the behaviour of the Caribbean Catastrophe Risk Insurance Facility‟s (CCRIF‟s) Second-generation Hazard and Loss Estimation Model (2G Model) after the 2010 Tropical Atlantic Hurricane Season.
At the start of the Hurricane Season 2010, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) provided all its members as well as many of the Region’s international development partners (IDPs) with access to its upgraded Real-Time Forecasting System (RTFS).