World Food Programme buys parametric tropical cyclone insurance from CCRIF
CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the United Nations World Food Programme (WFP) has become the first UN agency and multilateral organisation to join and purchase parametric insurance from it. The United Nations World Food Programme (WFP) has been utilising parametric risk transfer as a […]
Mexico gets its first World Bank Cat DDO, to complement cat bonds and parametric insurance
The Government of Mexico has received its first World Bank Catastrophe Deferred Drawdown Option (Cat DDO), which will help the country prepare better and respond more quickly to natural disasters, while also complementing both of its IBRD CAR Mexico 2024 and IBRD CAR Mexico 2024 (Pacific) catastrophe bonds and parametric insurance protection. The World Bank […]