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International

Caribbean Catastrophe Risk Insurance Facility rolls out excess rainfall cover

March 19, 2013 Reprints

The Caribbean Catastrophe Risk Insurance Facility has started rolling out excess rainfall parametric insurance, designed to fill a gap in the existing CCRIF tropical storm and hurricane wind protection product, Artemis.bm reported.

The offering, developed with the help of Swiss Re Ltd., allows Caribbean countries to cover the risks of heavy rainfall and the related hazards of flooding and landslides that do not have destructive winds.

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Caribbean Catastrophe Risk Insurance Facility rolls out excess rainfall cover

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