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Displaying 2 of about 2 resultsOn September 18, 2017, Hurricane Maria hit Dominica, bringing intense rainfall which caused flashfloods and landslides. Hurricane Maria was one of the most rapidly intensifying storms in recent history, intensifying to a category 5 hurricane.
The impacts of Hurricane Maria were severe for both the country’s economy as well as the human development of…
This paper explains the excess rainfall parametric insurance product of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and Swiss Re Excess Rainfall (XSR), which helps to mitigate the short-term cash flow problems small developing economies suffer after major natural disasters. The product is aimed primarily at extreme high rainfall events of…