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Caribbean Catastrophe Risk Insurance Facility, the

CCRIF SPC
Cayman Islands
Private Sector

Mission

CCRIF is a parametric insurance facility, owned, operated and registered in the Caribbean for Caribbean governments. It insures government risk and is designed to limit the financial impact of catastrophic hurricanes and earthquakes to Caribbean governments by quickly providing short term liquidity when a policy is triggered.

Disaster Reduction Goal

It is the world's first regional insurance fund, giving Caribbean governments the unique opportunity to purchase earthquake and hurricane catastrophe coverage not available elsewhere and with lowest-possible pricing. CCRIF represents a paradigm shift in the way governments treat risk, with Caribbean governments leading the way in pre-disaster planning.

DRR activities
Policies and Programmes in DRR

Technical Assistance Programme, which includes scholarship programmes for students in programmes related to disaster risk management - at University of the West Indies and universities in the USA, UK and Canada.
Caribbean Risk Adaptation and Insurance programme
Economics of Climate Adaptation in the Caribbean study

Membership in Key Networks

Partnerships with Caribbean Institute for Meteorology and Hydrology, Caribbean Disaster and Emergency Management Agency, Caribbean Community Climate Change Centre, UN Economic Commission for Latin America and the Caribbean, University of the West Indies Seismic Research Centre, Organisation of Eastern Caribbean States. Member of World Forum of Catastrophe Programmes.

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Latest additions
Items: 4
Publication
Published on
1 February 2022
Sectoral recovery capacity assessment- a methodological approach for recovery readiness in the Caribbean and beyond
This document summarizes the Sectoral Recovery Capacity Assessment, a methodological approach to determine and analyze the capacity of key sectors to implement resilient and inclusive recovery projects in a timely, efficient, and effective manner.
Publication
Published on
31 August 2014
Review of ECLAC damage and loss assessments in the Caribbean
The objective of this study is to determine whether the assessments carried out by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) on the impact of disasters over the past decade have been accurately captured.
Publication
Published on
26 March 2012
Understanding CCRIF’s hurricane and earthquake policies
This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake.
Publication
Published on
26 March 2012
CCRIF/Swiss Re excess rainfall product
This paper explains the excess rainfall parametric insurance product of the CCRIF and Swiss Re Excess Rainfall, which helps to mitigate the short-term cash flow problems small developing economies suffer after major natural disasters.

More content for this organization may be available on PreventionWeb or on the site search.

Voluntary Commitments

The organization has no registered commitments.

The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.

Contact information

http://www.ccrif.org
[email protected]
+31-70 348 6727
Fax:
+31-70 348 4486

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