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Acting as a risk pooling facility, the CCRIF provides Caribbean and Central American countries with parametric disaster insurance, covering tropical storms, earthquakes, excess rainfall, among others.

With the Atlantic hurricane season now officially underway, the CCRIF has revealed that all of its member governments in the Caribbean have renewed their parametric policies for tropical cyclone, excess rainfall, earthquake and fisheries. This rapid disbursement of funds post-event is a key benefit of parametric insurance, with payouts triggered when predetermined parameters have been met, such as an amount of rainfall at a specific location, removing the need for on-site loss assessment.

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This field is for validation purposes and should be left unchanged. Our other reinsurance publications We also publish Artemis. Keep in touch Get in touch directly using our contact form.