Caribbean Catastrophe Risk Insurance Facility

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is a regional insurance program designed to help Caribbean nations quickly recover from natural disasters, like hurricanes and earthquakes. By pooling resources and sharing risks, member countries can receive rapid financial support after a catastrophe, which helps them rebuild infrastructure and restore services. The facility aims to improve financial resilience and reduce the economic impact of such events, allowing governments to respond effectively and protect the livelihoods of affected communities. This collaborative approach enhances disaster preparedness across the Caribbean region.