CCRIF parametric risk pool grows 10% to US $1.2bn at renewal
The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has expanded its risk pool by 10% year-on-year, as its member governments renewed $1.2 billion of parametric insurance coverage against catastrophe, climate and seismic perils. Parametric insurance cover has been renewed by Caribbean and Central American governments for tropical cyclones, excess rainfall and […]