DRFF in the News
Nov 04
2019
A catastrophe bond has been launched to the market seeking to secure risk transfer and disaster insurance protection for the Philippines, with the World Bank supporting the country in securing a capital markets backed source of capacity for catastrophe loss events. The $225 million Philippines cat bond will aim to secure the country both earthquake and tropical cyclone insurance coverage, on a modelled loss trigger basis. Click here to access the press release. Keep reading
Nov 04
2019
Sep 17
2019
On July 1st, 2019, the Caribbean Oceans and Aquaculture Sustainability Facility (COAST) fisheries insurance was launched. The Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) has issued the COAST insurance policy to both Grenada and St. Lucia. This innovative parametric insurance will provide payouts to fisherfolks so that they can recover quickly after weather-related events. In the long-term, this product will promote resilience in the fisheries sector and adoption of better and more... Keep reading