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ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST INSURANCE: AN ASSESSMENT OF ST. LUCIA'S FISHERIES Publication Cover. Description. This assessment was produced as part of the Caribbean Oceans and Aquaculture Sustainability. faciliTy (COAST) project. COAST is a partnership between the U.S. State Department, the World. Bank, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and the Caribbean Regional. Fisheries Mechanism(CRFM).
GILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST INSURANCE: AN ASSESSMENT OF ST. LUCIA'S FISHERIES Publication Cover. Description. This assessment was produced as part of the Caribbean Oceans and Aquaculture Sustainability. faciliTy (COAST) project. COAST is a partnership between the U.S. State Department, the World. Bank, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and the Caribbean Regional. Fisheries Mechanism(CRFM).
GILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.NEWS | CCRIF SPC
05 December 20. Kingston, Jamaica, December 1, 2020. On November 26, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) presented a cheque for US$250,000 to The University of the West Indies (The UWI) for scholarships and for covering the tuition fees of students who are in need of financial support this academic year.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. REGIONAL INTERNSHIP APPLICATION The internship will be for 2 - 3 months, with the understanding that the internship can be extended by mutual agreement between the host organization and intern at no cost to CCRIF SPC. This agreement, if put into force, will need to be communicated to CCRIF. The internship programme will be on aANNUAL REPORTS
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TAISAAC ANTHONY
Isaac Anthony was appointed CCRIF Chief Executive Officer on January 1, 2013. He has over twenty-five years of senior management experience spanning the areas of public finance, financial sector supervision and economic planning having held key positions with the Government of Saint Lucia including Permanent Secretary, Finance, Economic Affairs & National Development.GILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. TERRORISM COVERAGE SCHEMES CCR. BI, terrorism cover can be provided for BI. In this case the cover can be guaranteed in a separate policy. Australia Austria Belgium Denmark France Germany Netherlands Spain United Kingdom USA TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.SPECIAL PROJECTS
The Climate Risk Adaptation and Insurance in the Caribbean programme seeks to help vulnerable people adapt to extreme weather events. The programme will design and implement products that combine risk reduction and insurance for low-income groups such as small farmers and day labourers in the region.PROCUREMENT NOTICES
Procurement Notices. CCRIF SPC now invites interested individuals to apply for the position of chief risk management officer (CRMO). The CRMO is a full-time senior managerial position within CCRIF SPC responsible for providing technical leadership and advice to the management and board as it relates to the areas of risk management,financial
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.CCRIF SPC PAYOUTS
Since 2017, CCRIF has made 20 ADC payments totalling over US$2 million to 10 of its members. Payments were made following Tropical Cyclones Irma and Maria in 2017, Dorian in 2019 and Isaias, Laura and Nana in 2020 – as well as an earthquake in Haiti in October 2018. CCRIF SPC DISASTER RISK FINANCING COURSE CCRIF SPC Disaster Risk Financing Course. Complete an application form to register for CCRIF’s flagship course in disaster risk financing that will be delivered online over the period July 30 to August 20, 2020 utilizing synchronous and asynchronous modalities. The course will run for 4 consecutive Thursdays over the period mentioned above.ANNUAL REPORTS
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA COAST INSURANCE: AN ASSESSMENT OF ST. LUCIA'S FISHERIES Publication Cover. Description. This assessment was produced as part of the Caribbean Oceans and Aquaculture Sustainability. faciliTy (COAST) project. COAST is a partnership between the U.S. State Department, the World. Bank, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and the Caribbean Regional. Fisheries Mechanism(CRFM).
ISAAC ANTHONY
Isaac Anthony was appointed CCRIF Chief Executive Officer on January 1, 2013. He has over twenty-five years of senior management experience spanning the areas of public finance, financial sector supervision and economic planning having held key positions with the Government of Saint Lucia including Permanent Secretary, Finance, Economic Affairs & National Development. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST INSURANCE: AN ASSESSMENT OF ST. LUCIA'S FISHERIES Publication Cover. Description. This assessment was produced as part of the Caribbean Oceans and Aquaculture Sustainability. faciliTy (COAST) project. COAST is a partnership between the U.S. State Department, the World. Bank, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and the Caribbean Regional. Fisheries Mechanism(CRFM).
GILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
COAST INSURANCE: AN ASSESSMENT OF ST. LUCIA'S FISHERIES Publication Cover. Description. This assessment was produced as part of the Caribbean Oceans and Aquaculture Sustainability. faciliTy (COAST) project. COAST is a partnership between the U.S. State Department, the World. Bank, the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), and the Caribbean Regional. Fisheries Mechanism(CRFM).
GILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.NEWS | CCRIF SPC
Panama City, Panama. March 12, 2021. The Directorate of Investments, Concessions and State Risks (DICRE) of the Ministry of Economy and Finance (MEF) of Panama, and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), with the support of the World Bank, held a technical workshop on CCRIF’s parametric insurance products, held virtually on March 11 and 12, forMEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF TO PROVIDE UP TO US$150,000 IN SCHOLARSHIPS FOR Grand Cayman, Cayman Islands, April 27, 2020. CCRIF SPC invites applications for scholarships for 2020/21 to support students pursuing Masters level degree programmes in areas such as disaster risk management (DRM), natural resources management, climate change, civil with environmental engineering, actuarial science, and meteorology,among others.
SCHOLARSHIP/PROFESSIONAL DEVELOPMENT PROGRAMME CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.ANNUAL REPORTS
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA ANGUILLA | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
NEWS | CCRIF SPC
05 December 20. Kingston, Jamaica, December 1, 2020. On November 26, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) presented a cheque for US$250,000 to The University of the West Indies (The UWI) for scholarships and for covering the tuition fees of students who are in need of financial support this academic year.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. GUATEMALA RECEIVES PAYOUT FROM CCRIF FOLLOWING EXCESS About CCRIF SPC: CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy istriggered.
CCRIF TO PROVIDE UP TO US$150,000 IN SCHOLARSHIPS FOR Grand Cayman, Cayman Islands, April 27, 2020. CCRIF SPC invites applications for scholarships for 2020/21 to support students pursuing Masters level degree programmes in areas such as disaster risk management (DRM), natural resources management, climate change, civil with environmental engineering, actuarial science, and meteorology,among others.
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. ANGUILLA | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA CCRIF EXPANDS MEMBERSHIP IN CENTRAL AMERICA CCRIF therefore occupies a unique space in the disaster risk management (DRM) arena by being able to effectively provide a level of financial protection through insurance for countries vulnerable to tropical cyclones, earthquakes and excess rainfall and by allowing these countries to increase their financial response capacity in the aftermath of disasters and reduce their economic and fiscalGILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. DEPARTMENT OF DISASTER MANAGEMENT HOSTS CCRIF INTERN The Valley, Anguilla – The Department of Disaster Management (DDM) has benefitted again from the Caribbean Catastrophic Risk Insurance Fund (CCRIF). Ms Stephanie Sewell an intern recruited under the CCRIF Regional Internship Programme, has been assisting with the development of a number of plans and proposals, over the past two (2) months. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
NEWS | CCRIF SPC
05 December 20. Kingston, Jamaica, December 1, 2020. On November 26, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) presented a cheque for US$250,000 to The University of the West Indies (The UWI) for scholarships and for covering the tuition fees of students who are in need of financial support this academic year.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. GUATEMALA RECEIVES PAYOUT FROM CCRIF FOLLOWING EXCESS About CCRIF SPC: CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy istriggered.
CCRIF TO PROVIDE UP TO US$150,000 IN SCHOLARSHIPS FOR Grand Cayman, Cayman Islands, April 27, 2020. CCRIF SPC invites applications for scholarships for 2020/21 to support students pursuing Masters level degree programmes in areas such as disaster risk management (DRM), natural resources management, climate change, civil with environmental engineering, actuarial science, and meteorology,among others.
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. ANGUILLA | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA CCRIF EXPANDS MEMBERSHIP IN CENTRAL AMERICA CCRIF therefore occupies a unique space in the disaster risk management (DRM) arena by being able to effectively provide a level of financial protection through insurance for countries vulnerable to tropical cyclones, earthquakes and excess rainfall and by allowing these countries to increase their financial response capacity in the aftermath of disasters and reduce their economic and fiscalGILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. DEPARTMENT OF DISASTER MANAGEMENT HOSTS CCRIF INTERN The Valley, Anguilla – The Department of Disaster Management (DDM) has benefitted again from the Caribbean Catastrophic Risk Insurance Fund (CCRIF). Ms Stephanie Sewell an intern recruited under the CCRIF Regional Internship Programme, has been assisting with the development of a number of plans and proposals, over the past two (2) months. HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology REGIONAL INTERNSHIP APPLICATION The internship will be for 2 - 3 months, with the understanding that the internship can be extended by mutual agreement between the host organization and intern at no cost to CCRIF SPC. This agreement, if put into force, will need to be communicated to CCRIF. The internship programme will be on a CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
HOME | CCRIF SPCABOUT USNEWSPUBLICATIONSTA PROGRAMMESPECIAL PROJECTSPARTNERSHIPS Home | CCRIF SPC. Home. CCRIF SPC limits the financial impact of natural hazard events to. Caribbean and Central American governments by quickly providing. short-term liquidity when a policy is triggered. CCRIF offers parametric. insuce policies for tropical cyclones, earthquakes, excess rainfall and. the fisheries sector. ABOUT US | CCRIF SPC CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and – since 2015 – Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF SCHOLARSHIP PROGRAMME CCRIF SPC Postgraduate Scholarship Programme Guidelines 2021. CCRIF provides up to seven scholarships annually for students pursuing a Masters or an MBA programme in a number of pre-identified areas related to disaster risk management (see eligibility criteria) asfollows:
MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CCRIF'S COUNTRY RISK PROFILES CCRIF prepares country risk profiles for each member country for tropical cyclones, earthquakes and excess rainfall. The profiles provide an outline of the hazard characteristics and risks for the country as well as economic loss information used by our catastrophe models and include information about the models that underpin the associated products. CCRIF SMALL GRANTS PROGRAMME CCRIF recently approved five grants totalling US$110,189 to NGOs to implement projects to increase resilience to natural hazards and climate change in communities across seven countries. As shown in the table below, these projects will be implemented in Jamaica, Haiti, Dominica, Grenada, St. Vincent & the Grenadines, Saint Lucia, andTrinidad
REGIONAL INTERNSHIP PROGRAMME The CCRIF Regional Internship Programme. CCRIF SPC is supporting a regional internship programme to provide career-related work experience for CARICOM and CCRIF Caribbean member country citizens that enhances the graduates’ academic training and provides a real world introduction to the graduates in the areas of disaster risk management, disaster risk financing, climate change, meteorology REGIONAL INTERNSHIP APPLICATION The internship will be for 2 - 3 months, with the understanding that the internship can be extended by mutual agreement between the host organization and intern at no cost to CCRIF SPC. This agreement, if put into force, will need to be communicated to CCRIF. The internship programme will be on a CCRIF READY FOR HAITI PAYOUT AFTER EARTHQUAKE CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. TERRORISM SCHEMES IN THE WORLD. FRANCE: GAREAT. QUESTIONS GAREAT . 6 th meeting of the World Forum, 24-28 October 2011 5 Before September 11 th.-Those countries exposed to this risk possessed specific national coverage schemes-Longest lasting one being Spain the Consorcio created in 1941, followed by Israel, Northern Ireland, South Africa, Bahrain, Sri Lanka, France, Namibia, Unite Kingdom. PostSeptember 11th .
NEWS | CCRIF SPC
05 December 20. Kingston, Jamaica, December 1, 2020. On November 26, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) presented a cheque for US$250,000 to The University of the West Indies (The UWI) for scholarships and for covering the tuition fees of students who are in need of financial support this academic year.MEMBER COUNTRIES
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. GUATEMALA RECEIVES PAYOUT FROM CCRIF FOLLOWING EXCESS About CCRIF SPC: CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy istriggered.
CCRIF TO PROVIDE UP TO US$150,000 IN SCHOLARSHIPS FOR Grand Cayman, Cayman Islands, April 27, 2020. CCRIF SPC invites applications for scholarships for 2020/21 to support students pursuing Masters level degree programmes in areas such as disaster risk management (DRM), natural resources management, climate change, civil with environmental engineering, actuarial science, and meteorology,among others.
COAST-THE CARIBBEAN OCEANS AND AQUACULTURE SUSTAINABILITY CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. CONSULTING SERVICES FOR AN INDIVIDUAL CONSULTANT TO BE REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – INDIVIDUAL SELECTION) Country: Cayman Islands Project: Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670) Grant No.: TF0A0564 Assignment Title: Consulting Services for an individual consultant to be assigned the role of Technical Advisor Reference No: CCRIF-REF-TA CCRIF EXPANDS MEMBERSHIP IN CENTRAL AMERICA CCRIF therefore occupies a unique space in the disaster risk management (DRM) arena by being able to effectively provide a level of financial protection through insurance for countries vulnerable to tropical cyclones, earthquakes and excess rainfall and by allowing these countries to increase their financial response capacity in the aftermath of disasters and reduce their economic and fiscalGILLIAN GOLAH
Gillian Golah was appointed CCRIF Chief Operations Officer at CCRIF on October 1 2015. Before she assumed this position, Mrs. Golah was the Vice President of Business Development at the Trinidad & Tobago International Financial Centre, where she played a central role in the establishment of the financial services outsourcing industry in Trinidad and Tobago. DEPARTMENT OF DISASTER MANAGEMENT HOSTS CCRIF INTERN The Valley, Anguilla – The Department of Disaster Management (DDM) has benefitted again from the Caribbean Catastrophic Risk Insurance Fund (CCRIF). Ms Stephanie Sewell an intern recruited under the CCRIF Regional Internship Programme, has been assisting with the development of a number of plans and proposals, over the past two (2) months. LESSONS LEARNED FROM THE HAZARD MANAGEMENT EXPERIENCE OF Lessons Learned from the Hazard Management Experience of Jamaica and Applicability to Other Small Island States The 6th Meeting of the World Forum of Catastrophe Programmes 24th th– 27 October 2011, Montego Bay, Jamaica 20/10/11 Presented by Ronald Jackson, Director Skip to main content__
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CCRIF SPC limits the financial impact of natural hazard events to Caribbean and Central American governments by quickly providing short-term liquidity when a policy is triggered. CCRIF offersparametric
insuce policies for tropical cyclones, earthquakes, excess rainfalland
the fisheries sector.*
CCRIF is a working example of a disaster risk financing instrumentand one of a suite
of disaster risk financing instruments available to governments toassist in post-
disaster recovery and to help close the protection gap and ensure thatwe ‘leave
no one behind’ in the development pathway.*
CCRIF was created as an immediate response to Hurricane Ivan in 2004, which caused billions of dollars of losses across the Caribbean;in
both Grenada and the Cayman Islands, losses were close to 200% of the national annual GDP.*
Since its inception in 2007, CCRIF has made 42 payouts totalling US$156 million to 14 of its member governments on their tropical cyclone (TC), earthquake(EQ) and/or
excess rainfall (XSR) policies – all within 14 days of the event. The single largest payout was US$20,388,067 made to the Government of Haiti on its TropicalCyclone policy
following TC Matthew in 2016.*
Governments have used CCRIF payouts for a variety of purposes,including immediate
recovery and repair activities; providing food, water and shelter toaffected persons;
stabilizing public facilities such as water treatment plants; making long-term improvements to critical infrastructure such as roads, drains and bridges; mitigation activities to enhance resilience against future natural hazards; and to “keep the wheels of government turning”, for example by paying salaries of critical government personnel. For example, (62%) of all payouts have been used partially or wholly for immediate post-event activities; 14% have been used for long-term infrastructure work; 6% have been used for both risk mitigation activities and assistance to economic sectors – in this case agriculture; and 3% allocated the funds to establish a national recovery fund.*
We need to be mindful that CCRIF was not designed to cover all losses on the ground – but rather to allow governments to reduce their budget volatility and to guarantee sufficient capital for emergency relief. CCRIF therefore acts as a vast security blanket for itsmembers
which are vulnerable to the increasing severity and frequency of climate and weather-related perils.*
The truth is what we do at CCRIF is about supporting governments tohelp their
populations – communities, businesses and key sectors such aseducation,
agriculture, and tourism. A rough assessment of the beneficiaries ofCCRIF’s
payouts show that over 2.5 million persons in the Caribbean andCentral America
have benefitted directly and indirectly from these payouts after anatural
disaster.
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CCRIF currently has 22 members: 19 Caribbean governments –Anguilla, Antigua &
Barbuda, The Bahamas, Barbados, Belize, Bermuda, British VirginIslands,
Cayman Islands, Dominica, Grenada, Haiti, Jamaica, Montserrat, St. Kitts & Nevis, Saint Lucia, Sint Maarten, St. Vincent & the Grenadines, Trinidad & Tobago,Turks & Caicos
Islands; and 3 Central American governments – Guatemala, Nicaragua,Panama
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We are particularly proud of our new fisheries product – COAST – which was launched in 2019 and is currently offered to Saint Lucia and Grenada. COAST is apartnership between
the US Department of State, the World Bank, CCRIF and CRFM. While COAST is a sovereign insurance product purchased by governments, it acts like a microinsurance product for individuals in the fisheries sector, protecting the livelihoods of fisherfolk, boat captains and crew, fish vendors etc. The policy is structured to include a mechanism to transfer funds from a payout received by the Government to pre-identified beneficiaries in thefisheries sector.
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In response to demands by our member governments, we also are in theprocess of
developing new products – for drought, agriculture, flooding (run-off) and public utilities. Today, insurance within the context of disaster risk financing is bothrelevant and
necessary given the realities we are now faced with, such as climatechange.
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Four years after the establishment of CCRIF, the Climate Risk Adaptation and Insurance in the Caribbean (CRAIC) project was launched in 2011 to focus on providing similar climate risk insurance products as CCRIF but for individuals. The microinsurance product known as the livelihood protection policy, LPP targets the most vulnerablepersons in 5 CCRIF
member countries – Jamaica, Saint Lucia, Grenada, Belize, andTrinidad & Tobago
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CCRIF proposes that disaster preparedness must be a function of: disaster risk mitigation + ecosystem management + disaster risk financing + cutting-edge social protection strategies (including consideration of psychological impacts of future disasters on ourpopulations).
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Under the CCRIF Technical Assistance Programme, Component 1 focusesprimarily
on support for tertiary level scholarships and professional development programmes. Since the CCRIF scholarship programmes were launched in 2010, CCRIFhas awarded 77
scholarships to Caribbean nationals totalling US$1.13 million to complete undergraduate or postgraduate programmes. Since the CCRIF internship programme waslaunched in
2015, CCRIF has awarded internships to 103 Caribbean nationals with aninvestment of
US$320,000.
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Under the CCRIF Technical Assistance Programme, Component 2 focuseson regional
knowledge building and is implemented through partnerships with regional organizations – ACS, CARICAD, CCCCC, CDEMA, CIMH, CRFM, OECS, UNECLAC, and UWI –to support
development and implementation of projects focusing on issues of regional interest in disaster risk management and climate change adaptation.Read More
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Under the CCRIF Technical Assistance Programme, Component 3 focuseson support for
local disaster risk management projects and programmes implemented byNGOs, CBOs
and academic institutions. Grant values range from US$5,000 toUS$25,000. Since the launch of this programme in 2015, CCRIF has allocated US$513,365 to these small projects in disaster risk mitigation and climate change adaptation.Read more
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Since the CCRIF scholarship programmes were launched in 2010, CCRIF has awarded 93 scholarships to Caribbean nationals totalling US$1.4 million to complete undergraduate or postgraduate programmes Since the CCRIF internship programme was launched in 2015, CCRIF has awarded internships to 103 Caribbean nationals with an investment of US$320,000*
2021 CCRIF SPC SCHOLARSHIP PROGRAMME NOW OPEN 2021 CCRIF SPC INTERNSHIP PROGRAMME NOW OPENENGAGE WITH US:
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PROCUREMENT NOTICES
CONTRACT AWARDS
OUR VISION
A Caribbean region and beyond with optimised disaster risk management and climate change adaptation practices supporting long-term sustainable development. CCRIF SPC Core Values CCRIF PROMISES ITS CLIENTS TO: * Fill a gap in available insurance offerings for naturalcatastrophes
* Ensure speedy payouts when a policy is triggered * Charge lowest possible premiums consistent with long-termsustainability
* Facilitate capacity building in disaster risk management and ex-ante risk financing * Be transparent and accountable * Be innovative and provide new products to meet the needs of ourmembers
Strategic Objectives OUR MISSION IS UNDERPINNED BY 7 STRATEGIC OBJECTIVES: * (S01) Innovative and Responsive Parametric Products - To provide products,services and tools responsive to the needs of members * (S02) Resilience - To enhance capacity for disater risk management and climate change adaptation * (S03) Financial Sustainability - To sustain financial solvency andintegrity
* (S04) Corporate Governance - To sustain corporate integrity * (S05) Member Relations and Engagement - To deepen our relationships with our member governments and to strengthen engagementwith members
* (S06) Scaling Up - To increase member coverage, expand membership and develop new products and services * (S07) Strategic Partnerships - To expand and deepen strategicpartnerships
WHO WE ARE
In 2007, the Caribbean Catastrophe Risk Insurance Facility was formed as the first multi-country risk pool in the world and was the first insurance instrument to successfully develop parametric policies backed by both traditional and capital markets. In 2014, the Facility was restructured into a segregated portfolio company (SPC) to facilitate offering new products and expansion into new geographic areas and is now named CCRIF SPC. It is owned, operated and registeredin the Caribbean.
CCRIF SPC limits the financial impact of natural hazard events to Caribbean and Central American governments by quickly providing short-term liquidity when a policy is triggered. CCRIF offers parametric insurance policies for tropical cyclones, earthquakes, excess rainfall and the fisheries sector. CCRIF currently has 23 members.19
Caribbean Member Governments3
Central American Member Governments1
Electric Utility Member50
Number of Payouts (TC,EQ,XS)200
Total Payouts To Date (US$M) CCRIF was developed under the technical leadership of the World Bank and with a grant from the Government of Japan. It was capitalized through contributions to a Multi-Donor Trust Fund (MDTF) by the Government of Canada, the European Union, the World Bank, the governments of the UK and France, the Caribbean Development Bank and the governments of Ireland and Bermuda, as well as through membership fees paid by participating governments. In 2014, an MDTF was established by the World Bank to support the development of CCRIF SPC’s new products for current and potential members, and facilitate the entry for Central American countries and additional Caribbean countries. The MDTF currently channels funds from various donors, including: Canada, through Global Affairs Canada; the United States, through the Department of the Treasury; the European Union, through the European Commission, and Germany, through the Federal Ministry for Economic Cooperation and Development and KfW. Additional financing has been provided by the Caribbean Development Bank, with resources provided by Mexico; the Government of Ireland; and the European Union through its Regional Resilience Building Facility managed by the Global Facility for Disaster Reduction and Recovery (GFDRR) and TheWorld Bank.
CCRIF's Contribution to the Disaster Financing Landscape in the Caribbean and Central America CCRIF SPC PARAMETRIC INSURANCE PRODUCTS CCRIF insurance products are parametric. CCRIF currently offers the following to Caribbean and Central American governments.EARTHQUAKE POLICIES
The System for Probabilistic Hazard Evaluation and Risk Assessment (SPHERA) model has been used to underpin CCRIF’s EQ policies sincethe 2019/20 year.
TROPICAL CYCLONE POLICIES The System for Probabilistic Hazard Evaluation and Risk Assessment (SPHERA) model has been used to underpin CCRIF’s TC policies sincethe 2019/20 year.
EXCESS RAINFALL POLICIES The current model for excess rainfall is the XSR 2.5 model and has been used to underpin CCRIF’s XSR policies since the 2019/20 year.Improvement
FISHERIES POLICY - COAST The COAST insurance product supports governments’ efforts to rapidly put money into the hands of persons in the fisheries sector impacted by extreme weather, providing them with immediate economic relief and promoting a culture of building back better to enhance coastal community resilience after ELECTRIC UTILITIES POLICY CCRIF SPC has launched its newest parametric insurance product, which has been developed for the electric utility sector in the Caribbean. MEET OUR BOARD OF DIRECTORSDesiree Cherebin
Vice Chairperson and Caribbean Development Bank-Nominated Board Member, Finance SpecialistFaye Hardy
Caribbean Development Bank-Nominated Board Member, Representing DonorsSaundra Bailey
CCRIF SPC Board-Nominated MemberMichael Gayle
CARICOM-Nominated Board Member, Insurance SpecialistTimothy Antoine
Chairman and CARICOM-Nominated Board Member, Representing MemberCountries
Desiree Cherebin
Vice Chairperson and Caribbean Development Bank-Nominated Board Member, Finance SpecialistFaye Hardy
Caribbean Development Bank-Nominated Board Member, Representing DonorsSaundra Bailey
CCRIF SPC Board-Nominated MemberMichael Gayle
CARICOM-Nominated Board Member, Insurance SpecialistTimothy Antoine
Chairman and CARICOM-Nominated Board Member, Representing MemberCountries
Desiree Cherebin
Vice Chairperson and Caribbean Development Bank-Nominated Board Member, Finance SpecialistFaye Hardy
Caribbean Development Bank-Nominated Board Member, Representing DonorsSaundra Bailey
CCRIF SPC Board-Nominated Member__
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MEET OUR EXECUTIVE MANAGEMENT TEAMIsaac Anthony
Chief Executive OfficerGillian Golah
Chief Operations OfficerMichael Spranger
Chief Risk Management Officer ANNUAL REPORT 2019/20 For the 2019/20 policy year, I am pleased to report that all CCRIF members renewed their existing parametric insurance coverage; and 10 members increased their level of coverage for at least one of their policies compared to the 2018/19 policy year. Members purchased a total of 59 policies: 21 tropical cyclone (TC) policies, 15 earthquake (EQ) policies, 21 excess rainfall (XSR) policies and 2 COAST (fisheries) policies – an increase of four policies compared with the previous year. The total coverage limit for Caribbean and Central American members was US$972.9 million – an increase of almost 30 per cent over policy year 2018/19.View or Download
KEY FEATURE: WORKING REMOTELY – TIPS FROM OUR 13 YEARS OF EXPERIENCE AS A VIRTUAL COMPANY COVID-19 will affect us all in many ways. Given the current situation globally, wheremany government organizations and firms are allowing their staff to telecommute – that isundertaking our work from home, or working remotely, making use of the internet, email, and the telephone – we think that it is prudent to share with you some tips on how toefficiently and effectively work remotely or in that virtualspace.
See full article & others in our E-News KEY MILESTONES (YOUTUBE VIDEO) CCRIF SPC Journey Through the Years to 2017__
WHAT STAKEHOLDERS ARE SAYING__
Hon. Allen Chastanet Prime Minister, Saint Lucia “This cheque will be going directly to strengthening and rebuilding our agriculture sector and to paying for some of the costs that we have.” Hon. Allen Chastanet, Prime Minister, Saint Lucia, speaking about the CCRIF payout of US$3.8 million to Saint Lucia following Tropical Storm Matthew__
Amb. Irwin La Rocque Secretary General, Caribbean Community “The early response to the aftermath of Matthew as well as the supportive facility put in place to help resource the required recovery and rebuilding effort also underline the critical importance of the regional institutional frameworks established by the Community, CDEMA and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) which has already processed payment to two of the affected countries, Barbados and Haiti.”__
Dr. Wm. Warren Smith President, Caribbean Development Bank “We know from bitter experience that even the most carefully crafted fi scal adjustment programme can be quickly derailed by a major climate event. Buying adequate insurance cover offers an efficient way of transferring some of this risk. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is an excellent vehicle for thispurpose.”
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Dr. the Hon. Nigel Clarke Minister of Finance and the Public Service,Jamaica
As we continue to simultaneously respond to the COVID-19 pandemic, this payout, and certainly our participation in CCRIF generally, as well as other similar facilities, reduces the need for the shifting of fiscal resources from other priority areas to respond to disasters. We know from experience of Jamaica’s susceptibility to natural disaster events including flooding, and the significant damage it can cause to our infrastructure, which is why we have implemented a multi-layer strategy with a menu of financial instruments to manage the financingof disaster risk.
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Daniela Tramacere EU Ambassador to Barbados “Mitigation of COVID-19 impacts ahead of the hurricane season that already started in the region requires extraordinary and coordinated measures. EU is strongly committed to stand together with its partners in the Caribbean, providing emergency support and participating in the social/economic recovery process. The €10 million support has been provided to CCRIF SPC to ease payment of member countries’ premiums and improve their risk coverage against natural hazards.”__
Ms. Christiana Figueres former Executive Secretary, UNFCCC “The Caribbean is the only region in the world that has a regional insurance system. The CCRIF is quite unique and actually is looked upon by other countries as a possible lessons learned to see what canbe extrapolated.”
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Joe Biden Former US Vice President “You’ve already created, Mr. President, an initiative and an innovative model for regional cooperation by pooling risks to respond to natural disasters. And therefore I think that the whole region is better equipped in the future to deal with these pending problems.” Former US Vice President Joe Biden, speaking about CCRIF at a meeting in 2013 with Trinidad and Tobago President Anthony Carmona and Prime Minister Kamla Persad-Bissessar and other Caribbean leaders__
Ms. Dianne Batistoni Partner, Financial Services- Insurance GroupEisner Amper
“The CCRIF’s ability to turn around payments in less than a month for eight separate cat claims since its inception in 2007 makes it a truly valuable and unique solution.” Ms. Dianne Batistoni – Partner, Financial Services- Insurance Group Eisner Amper, when Best’s Review January 2013 Innovative Showcase recognized CCRIF as a “good innovative/non-traditional approach to reinsurance for emerging/economically challenged countries”__
Center for Global Development January 2010 “The sum is small, but the proof of concept, powerful. The CCRIF moved faster than the World Bank, faster than the IMF, faster than the U.S.< government. If another 0 or so were appended to the CCRIF financing numbers, it could become a superior alternative to ad hoc debt relief and debt creation at dire moments.” Center for Global Development, January 2010, referring to CCRIF’s payout of US$7.75 million after the January 2010 earthquake, which represented approximately 20 times Haiti’s earthquake premium__
Acclimatise March 2013 Although disaster insurance is far from a panacea for managing the risks posed by climate change, it can provide a certain amount of resilience for vulnerable people in the short term. There have been some interesting examples of disaster risk insurance facilities that have come on stream since last year’s Cancun climate conference. … there is one that has been operating successfully… and which may offer a model for others to copy: The Caribbean Climate Risk InsuranceFacility (CCRIF).
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The Economist June 2015 Poorer countries are less able to afford the “premiums” that catastrophe bond issuers pay to investors in return for protection. But countries such as Bangladesh and Nepal could benefit from a regional risk-pooling mechanism like the Caribbean Catastrophe Risk Insurance Facility, a multi-country disaster-relief fund set up in 2007. This is a donor-backed scheme for the rainiest of days, into which Caribbean governments also pay a contribution. The CCRIF includes a lot of countries, which diversifies risk and reduces premiums. It also has clear payment triggers, which means that it dispenses cash immediately after the hurricanes and storms that dogthe region.
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G-7 Summit Fact Sheet June 2015 The G-7 announced action to support efforts by vulnerable developing countries to manage climate change-related disaster risk through insurance, with an aim to increase the number of people with access to direct or indirect climate risk insurance coverage by up to 400 million by 2020. This commitment will build upon existing risk insurance facilities such as the Caribbean Catastrophe Risk Insurance Facility (CCRIF). In 2014, the United States contributed $10 million to support expansion of catastrophe risk insurance coverage through the CCRIF to Central American countries.__
Mr. John Nash former lead economist for Latin America and the Caribbean at the World Bank “ could serve as a model for collective strategies for dealing with natural disasters ... provides participating governments from the Caribbean region with immediate access to cash if hit by a hurricane or earthquake and could save countries signifi cantly. Pooling their risk will save the 16 participating countries approximately 40 per cent in individual premium payments.”__
Mr. John Nash former lead economist for Latin America and the Caribbean at the World Bank “ could serve as a model for collective strategies for dealing with natural disasters ... provides participating governments from the Caribbean region with immediate access to cash if hit by a hurricane or earthquake and could save countries signifi cantly. Pooling their risk will save the 16 participating countries approximately 40 per cent in individual premium payments.” Mr. John Nash, former lead economist for Latin America and the Caribbean at theWorld Bank
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Hon. Bruce Golding former Prime Minister of Jamaica “ one of the most significant developments to have taken place in recent years in the region. I am really pleased with the speed with which CCRIF has been able to respond to those cases – Haiti, Anguilla and the Eastern Caribbean countries – that were battered by Tomas.” Hon. Bruce Golding, former Prime Minister of Jamaica, speaking at the fifth Caribbean Conference on Disaster Management in Jamaica in 2010__
Hon. Audley Shaw Minister of Finance, Jamaica “…we call upon the IMF and World Bank Group to further enhance the Caribbean Catastrophe Risk Insurance Facility (CCRIF), and to facilitate greater access to fi nancing for climate change mitigation and adaptation.” Hon. Audley Shaw, Minister of Finance, Jamaica, in his address at the 2010 IMF and World Bank Group Annual Meetings__
Mr. Bancroft Battick Acting Permanent Secretary in the Ministry of Infrastructure of Anguilla “Anguilla’s membership in CCRIF has brought signifi cant benefi ts to the island, the major one being to make the Government of Anguilla as robust as possible to natural . . . disasters, with enhanced ability to respond after a major disaster event.”__
Ms. Ngozi Okonjo-Iweala former Minister of Finance, Nigeria and Chair of the African Risk Capacity (ARC) “Later this year, world leaders will gather in Warsaw for the United Nations’ Climate Change Conference, and the agenda will include regional risk pools. Any effective mechanism for adapting to climate change needs to provide timely and reliable funding linked to weather events. Fundamentally this is an insurance proposition. The ARC and its Caribbean sister institution, the Caribbean Catastrophic Risk Insurance Facility (CCRIF), stand at the forefront of this effort.”__
Amb. Edwin Carrington former CARICOM Secretary- General “CARICOM’s wisdom and foresight were evident in the creation of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) whose prompt payout to Haiti turned out to be one of the signifi cant sources of fi nancing in this, Haiti’s hour of need.” Amb. Edwin Carrington, former CARICOM Secretary- General, speaking at the 2010 COFAP meeting__
Mr. Martin Cox Director of Finance and Economic Affairs, Barbados “This contribution to the Treasury comes at a good time and will no doubt help us recover from the impacts of these rains. The funds will go into the Consolidated Fund but we will arrange for the Ministry of Public Works to be able to use the resources for necessary repair work.” Mr. Martin Cox, Director of Finance and Economic Affairs, Barbados, speaking in 2014 on CCRIF’s payout of US$1.28 million under that country’s excess rainfall policy__
Hon. Christopher Sinckler Minister of Finance and Economic Affairs,Barbados
“…the full impact of this reduction was however not felt due to the receipt of the insurance payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for the damage caused by Tomas during the month of November 2010.” Hon. Christopher Sinckler, Minister of Finance and Economic Affairs, Barbados in his Financial Statement and Budgetary Proposals for 2011 delivered to Parliament, which indicated that fiscal revenues for 2010-2011 had decreased__
Mr. Martín Portillo Executive Secretary, COSEFIN “After exploring options for engaging in sovereign disaster risk fi nancing, Central American countries concluded that joining the CCRIF SPC facility was the most effi cient and cost-effective insurance mechanism to pool our risk. This will allow us to reduce our countries’ fi scal vulnerability to the adverse effects associated with earthquakes, tropical cyclones, excess rainfall and otherevents.”
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H. E. Iván Acosta Minister of Finance, Nicaragua “For Nicaragua, it is an honor to be the fi rst member of COSEFIN countries to join the CCRIF. This insurance will allow us to strengthen fi nancial resilience to natural disasters and continue our efforts to reduce poverty and respond to climate change challenges as part of our National Human Development Plan.”__
Hon. Allen Chastanet Prime Minister, Saint Lucia “This cheque will be going directly to strengthening and rebuilding our agriculture sector and to paying for some of the costs that we have.” Hon. Allen Chastanet, Prime Minister, Saint Lucia, speaking about the CCRIF payout of US$3.8 million to Saint Lucia following Tropical Storm Matthew__
Amb. Irwin La Rocque Secretary General, Caribbean Community “The early response to the aftermath of Matthew as well as the supportive facility put in place to help resource the required recovery and rebuilding effort also underline the critical importance of the regional institutional frameworks established by the Community, CDEMA and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) which has already processed payment to two of the affected countries, Barbados and Haiti.”__
Dr. Wm. Warren Smith President, Caribbean Development Bank “We know from bitter experience that even the most carefully crafted fi scal adjustment programme can be quickly derailed by a major climate event. Buying adequate insurance cover offers an efficient way of transferring some of this risk. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is an excellent vehicle for thispurpose.”
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Dr. the Hon. Nigel Clarke Minister of Finance and the Public Service,Jamaica
As we continue to simultaneously respond to the COVID-19 pandemic, this payout, and certainly our participation in CCRIF generally, as well as other similar facilities, reduces the need for the shifting of fiscal resources from other priority areas to respond to disasters. We know from experience of Jamaica’s susceptibility to natural disaster events including flooding, and the significant damage it can cause to our infrastructure, which is why we have implemented a multi-layer strategy with a menu of financial instruments to manage the financingof disaster risk.
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Daniela Tramacere EU Ambassador to Barbados “Mitigation of COVID-19 impacts ahead of the hurricane season that already started in the region requires extraordinary and coordinated measures. EU is strongly committed to stand together with its partners in the Caribbean, providing emergency support and participating in the social/economic recovery process. The €10 million support has been provided to CCRIF SPC to ease payment of member countries’ premiums and improve their risk coverage against natural hazards.”__
Ms. Christiana Figueres former Executive Secretary, UNFCCC “The Caribbean is the only region in the world that has a regional insurance system. The CCRIF is quite unique and actually is looked upon by other countries as a possible lessons learned to see what canbe extrapolated.”
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LATEST NEWS
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CCRIF Provides US$2.2 million (EC$6 million) for Relief and Recovery Efforts following the Eruption of the La Soufrière Volcano/ 19 April 21
Grand Cayman, Cayman Islands, April 19, 2021.*
CCRIF Now Invites Applications for its Postgraduate ScholarshipProgramme
/ 19 March 21
Grand Cayman, Cayman Islands, March 19, 2021. CCRIF SPC now invites applications for scholarships un*
Panama Holds Technical Workshop on Parametric Insurance and Modelling/ 19 March 21
Panama City, Panama.Views all
PICTURE GALLERY
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MEMBER COUNTRIES
Anguilla
Antigua & Barbuda
Bahamas
Barbados
Belize
Bermuda
British Virgin IslandsCayman Islands
Dominica
Grenada
Guatemala
Haiti
Jamaica
Montserrat
Nicaragua
Panama
Saint Lucia
Sint Maarten
St. Kitts & Nevis
St. Vincent & the GrenadinesTrinidad & Tobago
Turks & Caicos Islands__
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ABOUT CCRIF SPC
CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered.LINK FOOTER
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