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  1. Documents and publications

Understanding CCRIF’s hurricane and earthquake policies


Documents and publications
Source
Caribbean Catastrophe Risk Insurance Facility, the
Publication Year
2012
Number of pages
8 p.

Technical paper series no 1:

This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake. The paper explains the differences between parametric insurance systems and indemnity-based systems, how payments are calculated, and the CCRIB catastrophe model. Additionally, the document provides an example scenario for assessing payouts and examples of past insurance payouts.

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Keywords
Hazards
Cyclone
Earthquake
Themes
Recovery
Insurance & Risk Transfer
Small Island Developing States (SIDS)
Country & Region
Antigua and Barbuda
Bahamas
Barbados
Belize
Dominica
Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Trinidad and Tobago
Anguilla
Bermuda
Cayman Islands
Turks and Caicos Islands

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