Risk pool alliance sign joint grant agreement
The African Risk Capacity, the Catastrophe Risk Insurance Facility of the Caribbean and Central America (CCRIF), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to advance the implementation of their Joint MoU signed in 2022.
The grant agreement, signed on 9 April 2025, aims to strengthen collaboration among the regional risk pools and underscores their shared commitment to strengthening financial resilience and promoting sustainable growth.
Under the agreement, GSSP via its Global Shield Programme for Resilient Risk Pools (GSRRP) will provide funding to support the regional risk pools in implementing their joint request for CDRFI Support. The project aims to establish a joint risk pools solution and learning network, set up a global facility for risk data and analytics information sharing and evaluation, establish a risk pools employee exchange programme and increase risk pools’ joint advocacy.
Following the signing, a regional risk pools’ chief executive summit was held at Frankfurt School of Finance & Management, bringing the chief executives and risk pool representatives together for exchange and joint planning on the implementation of activities. Strategic discussions were held on the phased development of a dedicated global facility to be jointly implemented by the regional risk pools.
“This joint agreement heralds an exciting new beginning in the evolution of CCRIF and other regional risk pools,” said Isaac Anthony, chief executive of CCRIF. “It represents a game-changer in how we deliver on our mandate as development insurers. By providing a stronger platform for collaboration, CCRIF will be better positioned to support the Caribbean and Central America in closing the protection gap while enhancing regional resilience to climate risks.”
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