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Displaying 4 of about 4 resultsOn September 6, 2017, Hurricane Irma hit the Islands of Barbuda and Antigua with catastrophic effects. Hurricane Irma made landfall as a category 5 storm (Saffir-Simpson scale). Compounding the situation, on September 18, Hurricane Maria (also a category 5 storm) affected the island of Antigua. Although Hurricane Maria did not make landfall, Antigua was…
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…
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.…
This desk review recognizes the importance of evidence-based approaches to disaster risk management (DRM), and aims at evaluating gender-responsive disaster preparedness and recovery efforts in the nine CFR Caribbean countries: Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, Saint Vincent and the Grenadines, and Suriname. T…