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Caribbean Catastrophe Risk Insurance Facility (CCRIF): Regional Parametric Insurance and Sovereign Disaster Risk Financing

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is the world’s first multi-country, multi-peril catastrophe risk pool, owned and operated by Caribbean governments. Launched in 2007 in response to the devastation caused by Hurricane Ivan in 2004, CCRIF was designed to limit the financial impact of catastrophic hurricanes and earthquakes — and more recently excess rainfall […]

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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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