CCRIF SPC and the Coordination Center for the Prevention of Disasters in Central America and the Dominican Republic signed a Memorandum of Understanding on Disaster Risk Financing and CCRIF Parametric Insurance.
Caribbean Catastrophe Risk Insurance Facility, the
Parametric insurance policies pay based on pre-agreed thresholds like the magnitude and/or location of an earthquake. Some countries benefit from rapid payouts using this type of insurance.
In 2022, around 45% of USD 275 billion in global economic losses from natural disasters were covered by insurance. We see a long-term growth trend of 5-7% in annual insured losses, mainly driven by rising loss severity of individual catastrophe events.
This paper utilises System Dynamics modelling and Scenario Planning through an Integrated Assessment Model (IAM) to assess how coastal hazards alter environment-economy system behaviour
Ecological disruption is in full swing. Climate-induced disasters, including chronic droughts, extreme heatwaves, torrential rains and fast-melting glaciers, are becoming unpredictable and violent.
When natural disasters strike, the difference between economic and insured losses can vary greatly. Our interactive tool highlights this protection gap in 12 countries and all global regions.
In this work, researchers review the effectiveness of post-fire soil erosion mitigation treatments at reducing erosion rates over the first post-fire year and provide their application costs.
