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|a FI13022722

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|a CCRIF |h [electronic resource] |b a natural catastrophe risk insurance mechanism for the Caribbean |y English.

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|a Grand Cayman, Cayman Islands : |b Caribbean Catastrophe Risk Insurance Facility, |c 2011-11.

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|a A collection of papers, articles and expert notes |b Volume 2 |y English.

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|a Refer to main document/publisher for use rights.

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|a (2011). CCRIF: a natural catastrophe risk insurance mechanism for the Caribbean: a collection of papers, articles and expert notes. Volume 2. Caribbean Catastrophe Risk Insurance Facility (CCRIF).

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|a This document is a collection of technical papers and expert notes addressing disaster risk management and climate change. These papers, speeches, and expert notes intend to help the reader to deepen their understanding of natural hazards, catastrophe risk, and the potential impacts of climate change on the Caribbean region. While climate change is a global phenomenon, its consequences are not evenly distributed throughout the world. Developing countries and small island nations, like those in the Caribbean, are among the most vulnerable to the adverse effects of climate change, as they have fewer resources to adapt socially, technologically and financially. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) represents a cost-effective way to pre-finance short-term liquidity to begin recovery efforts for an individual government after a catastrophic event, thereby filling the gap between immediate response aid and long-term redevelopment. It offers parametric insurance products that provide coverage for hurricanes and earthquakes. The technical paper on CCRIF mechanisms and policies explains the CCRIF parametric instrument, the development of the underlying catastrophic model, and selection of the contract attachment and exhaustion point. The paper on the climate change adaptation (CCA) tool in the Caribbean focuses on a study which provides the facts and tools required to develop quantitative adaptation strategies that can be incorporated into national development plans to increase resilience against climate hazards. The paper on the real-time forecasting system (RTFS) helps to understand hurricane risks and to enhance preparedness. The last technical paper is about recovery efforts and lessons learned from the 2010 earthquake in Haiti. The expert notes and speeches focus on partnerships for disaster risk reduction (DRR) with the CCRIF experience, economic impacts of climate change on Caribbean small island states and implications for sustainable development, and climate change and insurance in the Caribbean. According to the papers, besides providing liquidity during catastrophic events, CCRIF is actively engaged in building the capacity of its members to reduce their vulnerabilities and heighten their resilience by supporting the development of the RTFS, a storm impact forecast tool which provides disaster managers, meteorological officers, and policy makers with real-time hurricane hazard and impact information during tropical cyclones.

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|a Risk Insurance & Transfer

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|a Message from the Chairman, Mr. Milo Pearson p. ii; Section 1: Background Information p. 2; Section 2: Technical Papers p. 5; List of Technical Papers p. 6; About the Authors p. 7; Understanding the CCRIF Mechanism and Policies p. 9; A Tool for Climate Change Adaptation in the Caribbean p. 21; Helping Caribbean Countries Understand Hurricane Risks and Enhancing their Preparedness during Hurricanes… CCRIF’s Real-Time Forecasting System (RTFS) p. 32; 2010 Earthquake in Haiti - Update on Recovery Efforts and Lessons Learned p. 43; Expert Notes and Speeches p. 51; Caribbean Partnerships for Disaster Risk Reduction…the CCRIF Experience – Mr. Milo Pearson, Executive Chairman, CCRIF p. 52; Climate Change: Economic Impacts on the Caribbean Small Island States and Implications for Sustainable Development – Mr. Isaac Anthony, Board Member CCRIF and Permanent Secretary Ministry of Finance, Saint Lucia p. 57; Remarks - Opening Ceremony of the 6th Meeting of the World Forum of Catastrophe Programmes, Dr. Warren Smith, President, Caribbean Development Bank p. 65; Climate Change and Insurance in the Caribbean, Dr. Simon Young, CEO, Caribbean Risk Managers Ltd, Facility Supervisor, Caribbean Catastrophe Risk Insurance Facility p. 71

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|a Natural hazards and disasters |z Caribbean Area.

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|a Climate change |z Caribbean Area.

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|a Risk management |z Caribbean Area.

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|a Young, Simon |g CEO |u Caribbean Risk Managers Ltd (CaribRM).

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|a Iyahen, Ekhosuehi |g Project Development Manager |u Caribbean Risk Managers (CaribRM).

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|a Jackson, Ronald |g Director General |u Office of Disaster Preparedness and Emergency Management (ODPEM) Jamaica.

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|a Caribbean Catastrophe Risk Insurance Facility (CCRIF). |4 ctb

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|a Disaster Risk Reduction Program, Florida International University (DRR/FIU), |e summary contributor.

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|u http://dpanther.fiu.edu/dpService/dpPurlService/purl/FI13022722/00001 |y Click here for full text

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