Grand Cayman, Cayman Islands:--- CCRIF SPC is pleased to welcome the Government of Guatemala to the Facility as its third Central American member. Guatemala has purchased parametric insurance cover for excess rainfall for the 2019/20 policy year. CCRIF’s membership now stands at 22 countries – 19 from the Caribbean and 3 from Central America.
CCRIF, established in 2007, provides parametric insurance coverage for tropical cyclones, earthquakes and excess rainfall to limit the financial impact of these catastrophes by quickly providing financial liquidity when a policy is triggered. The Facility was originally established for Caribbean governments, but in 2015, CCRIF signed
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