WebJan 31, 2024 · Parametric insurance fills in gaps where traditional insurance falls short. The recent $500-million payment to the Jamaican Government was made under a ‘2024/21 Excess Rainfall (Parametric) Policy’. It was placed with the Cayman-based CCRIF Segregated Portfolio Company,” according to The Observer. Finance and the Public … WebCCRIF, a not-for-profit company, is the first multi-country risk pool in the world. CCRIF was developed under the technical leadership of the World Bank and with a grant from the Government of Japan. It was capitalised …
Jamaica promotes regional Caribbean catastrophe bond idea to …
WebJul 30, 2024 · CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean. It limits the financial impact of catastrophic hurricanes, … WebJul 29, 2024 · CCRIF represents a cost-effective way to pre-finance short-term liquidity to begin recovery efforts for an individual government after a catastrophic event, thereby … how to organize a linen closet
CCRIF’s Members in the Caribbean and Central America
WebMar 21, 2024 · CCRIF’s Member Governments Purchase US$1.2 Billion in Coverage for Catastrophe Risk Insurance for 2024/23 Against Climate-related and Seismic Hazards Grand Cayman, Cayman Islands, July 29, 2024. Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) is an insurance company headquartered in the Cayman Islands. The sixteen original member-countries of CCRIF included participants in CARICOM, and the membership of the Board of Directors is selected by CARICOM and by the Caribbean Development Bank. Founded in 2007, CCRIF is the first multi-country risk pool in the world, and was the first insura… WebCCRIF 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. how to organize a list alphabetically in word