CCRIF Caribbean Members Renew Disaster Risk Insurance Policies, Strengthened by European Union Support. | SMN News

Grand Cayman, Cayman Islands:— CCRIF is pleased to announce that its member governments in the Caribbean have all renewed their parametric insurance coverage for tropical cyclone, excess rainfall, earthquake, and fisheries ahead of the upcoming 2020 Atlantic Hurricane Season, ceding over US$1 billion in risk to CCRIF and increasing overall coverage by 8 per cent.
To support Caribbean governments whose social and economic sectors have been significantly disrupted by COVID-19, the European Union (EU) under its Global COVID-19 Response, has provided a grant of €10 million (US$11 million) to CCRIF for premium support or for increasing coverage for

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