The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF).
The solution will reportedly cover 3,030 climate-vulnerable households that are enrolled in the Supérate conditional cash transfers programme across Santo Domingo Norte and Puerto Plata, providing rapid financial support to households during extreme rainfall or wind events.
Moreover, the policy was activated on June 15th, 2026, and was announced at the Hamburg Sustainability Conference (HSC).
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