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 […]