CRAIC Climate Risk Adaptation and Insurance in the Caribbean
Adaptación al riesgo climático y seguros en el Caribe
Brief Description:
The project is aimed to intensify the dissemination of the insurance policies in selected Caribbean countries, extending the availability of the “Livelihood Protection Policy” to other countries, and helping to increase the number of insurance providers. The target groups are mainly sections of the population that are strongly affected by climate change. The project is also integrating climate risk insurance more strongly into the national disaster management policy. The implementing partner is the Caribbean Catastrophe Risk Insurance Facility (CCRIF), an insurance pool set up by the Caribean Community (CARICOM) states to insure themselves against natural disasters. The project is also participating in regional & international climate policy processes and negotiation formats, such as Conference of the Parties (COP) conferences.
El proyecto tiene como objetivo intensificar la difusión de las pólizas de seguros en países seleccionados del Caribe, ampliando la disponibilidad de la “Política de protección de los medios de vida” a otros países y ayudando a aumentar el número de proveedores de seguros. Los grupos destinatarios son principalmente sectores de la población que se ven fuertemente afectados por el cambio climático. El proyecto también está integrando el seguro contra riesgos climáticos con más fuerza en la política nacional de gestión de desastres. El socio implementador es la Facilidad de Seguro de Riesgo de Catástrofes del Caribe (CCRIF), un grupo de seguros establecido por los estados de la Comunidad del Caribe (CARICOM) para asegurarse contra desastres naturales. El proyecto también participa en procesos y formatos de negociación de políticas climáticas regionales e internacionales, como las conferencias de la Conferencia de las Partes (COP).
Lead Organization : Munich Climate Insurance Initiative
Donor: International Climate Initiative of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMW)
Partners: Caribbean Catastrophe Risk Insurance Facility, Grand Cayman, DHI Water & Environment (S) Pte. Ltd., MIKE, Münchener Rückversicherungs-Gesellschaft, Secretariat of the Pacific Community, UN University Institute for Environment and Human Security
Grant (USD):
$2,755,730.00
Total co-financing (USD):
$0.00
(Co) financing not originating from GEF:
Participating Country(s):
BelizeGrenadaJamaicaSaint LuciaTrinidad and Tobago
Contributions to the 10-year CLME+ Strategic Action Programme (2015-2025)
Please click on the colored SAP Strategy icon to obtain more information on the specific SAP Actions this initiative is contributing to (double-click to hide again)
1. Enhance the regional governance arrangements for the protection of the marine environment
1.9. Strengthen the capacity of the regional and sub-regional arrangements to support countries in becoming parties to relevant international and regional agreements and complying with their global and regional commitments towards the conservation of the marine environment (including the support to update and harmonize national legislation and regulations)
2. Enhance the regional governance arrangements for sustainable fisheries
2.8. Coordinate the development and implementation of regional, sub-regional and national initiatives to improve welfare and livelihoods through the provision of Decent Work(including through the development of alternative livelihoods, capacity building and pilot initiatives)
3. Establish and operationalise a regional policy coordination mechanismfor ocean governance, with initial focus on shared Living Marine Resources
4. Enhance the governance arrangements for ecosystem-based management for reefs and associated ecosystems
4A. Enhance the governance arrangementsfor implementing an ecosystem approach for spiny lobster fisheries
4B. Enhance the governance arrangementsfor implementing an ecosystem approach for queen conch fisheries
5. Enhance the governance arrangements for implementing an ecosystem approach for pelagic fisheries
5A. Enhance the governance arrangements for implementing the ecosystem approach for flyingfish fisheries
5B. Enhance the governance arrangementsfor implementing an ecosystem approach for large pelagics fisheries
6. Implement EBM/EAF of the Guianas-Brazil continental shelf with special reference to the shrimp and groundfish fishery
Contributions to the 2030 UN Sustainable Development Agenda (SDG’s)
Please click on the SDG14 colored icon to see to which specific SDG14 targets this initiative is contributing.
1. End poverty in all its forms everywhere
2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3 Ensure healthy lives and promote well-being for all at all ages
4 Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5 Achieve gender equality and empower all women and girls
6 Ensure availability and sustainable management of water and sanitation for all
7 Ensure access to affordable, reliable, sustainable and modern energy for all
8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
10 Reduce inequality within and among countries
11 Make cities and human settlements inclusive, safe, resilient and sustainable
12 Ensure sustainable consumption and production patterns
13 Take urgent action to combat climate change and its impacts
13.1 Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries
14 Conserve and sustainably use the oceans, seas and marine resources for sustainable development
14.7 By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism
15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16 Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Other Regional and Global Commitments
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SOMEE content is still under development and is therefore not yet available online. However, you can already check for sample text and materials under the sections in blue text
Belize 
Grenada 
Jamaica 
Saint Lucia 
Trinidad and Tobago 
