Caribbean: Addressing public/sovereign risks – the Caribbean Catastrophe Risk Insurance Facility (CCRIF)
The CCRIF is a regional insurance facility owned and operated by 16 Caribbean governments. The facility insures the governments against the impacts of catastrophic hurricanes and earthquakes and allows them to access liquidity on short notice using parametric triggers. For earthquakes the triggers are based on USGS data on the location, intensity, and likelihood of […]