CCRIF Semiannual Report 1 June – 30 November 2012

Report
from Caribbean Catastrophe Risk Insurance Facility
Published on 30 Nov 2012

INTRODUCTION

This report, for the period 1 June – 30 November 2012, is the first semiannual report, covering the first six months in the 2012/2013 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this 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 as defined in the CCRIF Strategic Plan 2012/2013 – 2014/2015.
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 Real-Time Forecasting System (RTFS)

 Strategic Objective 2: Partnerships between CCRIF and Caribbean institutions and CCRIF’s Technical Assistance Programme, including the Climate Risk Adaptation and Insurance in the Caribbean 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