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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 […]

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Mexico’s Natural Disaster Fund – A Review

“As part of its disaster risk management efforts, the Federal Government of Mexico established the Fund for Natural Disasters FONDEN to support disaster relief and reconstruction. FONDEN was originally established as a budgetary tool through which federal funds were annually allocated for expenditure on post-disaster response. Since then, FONDEN has evolved significantly; changes to its

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