Climate Risk Adaptation and Insurance in the Caribbean - CLME+ HUB

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 鈥淟ivelihood Protection Policy鈥 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 difusi贸n de las p贸lizas de seguros en pa铆ses seleccionados del Caribe, ampliando la disponibilidad de la 鈥淧ol铆tica de protecci贸n de los medios de vida鈥 a otros pa铆ses y ayudando a aumentar el n煤mero de proveedores de seguros. Los grupos destinatarios son principalmente sectores de la poblaci贸n que se ven fuertemente afectados por el cambio clim谩tico. El proyecto tambi茅n est谩 integrando el seguro contra riesgos clim谩ticos con m谩s fuerza en la pol铆tica nacional de gesti贸n de desastres. El socio implementador es la Facilidad de Seguro de Riesgo de Cat谩strofes del Caribe (CCRIF), un grupo de seguros establecido por los estados de la Comunidad del Caribe (CARICOM) para asegurarse contra desastres naturales. El proyecto tambi茅n participa en procesos y formatos de negociaci贸n de pol铆ticas clim谩ticas 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:
Contact Phone:
Partners: Caribbean Catastrophe Risk Insurance Facility, Grand Cayman, DHI Water & Environment (S) Pte. Ltd., MIKE, M眉nchener R眉ckversicherungs-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)
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Contributions to the 2030 UN Sustainable Development Agenda (SDG鈥檚)
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Other Regional and Global Commitments

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