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Displaying 3 of about 3 resultsThis 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 report seeks to analyse the strengths and gaps of the legal and policy frameworks related to disaster recovery in The Bahamas, particularly within the context of the ongoing recovery efforts from Hurricane Dorian, as well as examining the provisions of the new Disaster Risk Management Act, 2022. Like other Caribbean countries, The Bahamas had…