CCRIF Semiannual Report June-November 2013

Report
from Caribbean Catastrophe Risk Insurance Facility
Published on 30 Nov 2013

INTRODUCTION

This report, for the period 1 June – 30 November 2013, is for the first two quarters of the 2013/2014 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this six-month period towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2012/2013 – 2014/2015. In providing this progress update, this report also illustrates how the Facility upholds its customer values.

The report presents:

Progress during the six-month period towards the achievement of each of CCRIF’s four strategic objectives – Key topics covered under the strategic objectives include the following:
Strategic Objective 1: Policy renewals and membership; Tropical Cyclone and Earthquake review – a description of the reportable hurricane and earthquake events that affected CCRIF member countries during this six-month period (this includes an indication of whether a country’s policy was triggered and the value of any payouts made); the Excess Rainfall product; the Climate Risk Adaptation and Insurance in the Caribbean project; the Real-Time Forecasting System (RTFS)
Strategic Objective 2: Partnerships between CCRIF and Caribbean institutions; CCRIF’s Technical Assistance Programme
Strategic Objective 3: Strategic and operational planning and activities being undertaken by the Board of Directors; funding opportunities and investment strategies
Strategic Objective 4: Awareness-raising, communications and public relations activities; participation in, and sponsorship of, conferences pertaining to disaster risk management