Caribbean Catastrophe Risk Insurance Facility increases coverage to $1.2bn
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Caribbean Catastrophe Risk Insurance Facility increases coverage to $1.2bn

Aisling Finn
29 July 2022
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Member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have purchased $1.2bn worth of parametric insurance coverage for the coming year, up 10% year-on-year.

The coverage covers tropical cyclones, excess rainfall, earthquakes and the fisheries sector for the policy year 2022/2023.

Overall, 13 member governments increased their coverage compared to the prior year.

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