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Understanding CCRIF’s hurricane and earthquake policies
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