CRAIC    Climate Risk Adaptation and Insurance in the Caribbean


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)
Project ID:
Geographic Scope: Multicountry (regional)
Project Status: Completed
   Last Update: 15/12/2020

Start Date: 2016-03-01
End Date: 2020-04-01
Project Profile Manager:
Contact Email: info@climate-insurance.org
Contact Phone:
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):
 Belize  Grenada  Jamaica  Saint Lucia  Trinidad 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)

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.

Other Regional and Global Commitments
                       

Welcome to SOMEE

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