The Caribbean and Central America Parametric Insurance Facility SPC (CCRIF) is set to make a record payout to the Government of Jamaica totalling $70.8m, following the devastation caused by Hurricane Melissa.
CCRIF, a Cayman-domiciled segregated portfolio company (SPC), offers parametric insurance for tropical cyclones, excess rainfall, earthquakes, and the fisheries and electric and water utilities sectors – insurance products not readily available in traditional insurance markets.
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