CCRIF (Caribbean Catastrophe Risk Insurance Facility)

CCRIF (Caribbean Catastrophe Risk Insurance Facility) is a regional insurance program that provides Caribbean governments with quick financial aid after natural disasters like hurricanes, earthquakes, or floods. Funded by contributions from member countries and international donors, CCRIF enables governments to recover faster by offering timely payouts to help fund emergency response and recovery efforts. This risk pooling arrangement helps reduce financial vulnerability, promotes resilience, and ensures that resources are available when disasters strike, minimizing economic disruption across the Caribbean region.