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Understanding CCRIF’s hurricane and earthquake policies

Source(s):  Caribbean Catastrophe Risk Insurance Facility, the (CCRIF SPC)

Technical paper series no 1:

This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake. The paper explains the differences between parametric insurance systems and indemnity-based systems, how payments are calculated, and the CCRIB catastrophe model. Additionally, the document provides an example scenario for assessing payouts and examples of past insurance payouts.

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  • Understanding CCRIF’s hurricane and earthquake policies
  • Publication date 2012
  • Number of pages 8 p.

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