CCRIF reports record payouts in 2025
As the Caribbean and Central America face intensifying climate threats, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) closed 2025 with record-breaking disaster payouts, growing membership and a broadened suite of financial protection tools, according to a new statement from chief executive Isaac Anthony.
Hurricane Melissa dominated the year, devastating Jamaica and parts of the northern Caribbean. CCRIF responded with a historic $91.9 million in combined payouts to the Government of Jamaica under its tropical cyclone and excess rainfall policies—the largest in the Facility’s history—released within its 14-day target window to support emergency services, vulnerable communities and recovery efforts.
Confidence in the regional risk pool remained strong, with all members renewing their policies and total coverage rising to $1.44 billion. CCRIF also welcomed five new members, expanding its network to 35 countries and utility companies and reinforcing its status as the world’s largest multi-country, multi-peril risk pool.
Protection for key economic sectors advanced in 2025, as three additional countries joined CCRIF’s COAST fisheries insurance programme. The Facility also launched a new Livelihood Protection Policy to extend parametric microinsurance directly to low-income and climate-exposed groups, beginning in Jamaica, and introduced a Runoff Model to better capture inland flood risks.
CCRIF finalized its Strategic Plan 2025–2030, outlining ambitions to scale microinsurance to five million people, explore artificial intelligence in modelling and operations, and develop new products for agriculture, housing, tourism and renewable energy.
The organization strengthened regional science through a postdoctoral fellowship with The UWI Climate Studies Group Mona and expanded partnerships with international platforms, including a EUR 2.5 million grant from the Global Shield Solutions Platform.
Looking ahead to 2026, Anthony said CCRIF will continue innovating and deepening partnerships to help the region recover faster from disasters and build long-term resilience.
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