This report will highlight CCRIF SPC’s main accomplishments and activities during the 2018/19 policy year. This was the first year covered by our new Strategic Plan 2018-21, which reflects the objectives which emerged from consensus of our members and our regional and international partners. This report will present not only CCRIF’s activities and accomplishments but also their contribution to the seven strategic objectives established for 2018-2021.

The year 2017 was another defining moment for the Caribbean after suffering the devastation caused by two category 5 hurricanes – Irma and Maria – within 14 days of each other. Damage and loss due to these storms is being estimated at approximately US$130 billion and affected 18 countries, including CCRIF member countries, their populations and social and economic infrastructure. These catastrophic events resulted in CARICOM declaring its ambition for the Caribbean to become the first climate-resilient zone in the world.

In the 10th year of our operations we are happy to report that our members increasingly recognize the facility as a key partner in development and realize that gaining access to fast-disbursing liquidity for relief and recovery efforts in the aftermath of disasters when a policy is triggered results in enhanced fiscal resilience and helps reduce the long-term economic losses associated with these events.

This is our 9th year in operation and the first year of implementation of our 2015-2018 Strategic Plan. This Strategic Plan, whilst focussing on the future of CCRIF, takes into account lessons learned over the first eight years of operation, the progress we have made over the years and the issues and challenges being faced by our members.

This year, CCRIF – known as the Caribbean Catastrophe Risk Insurance Facility since its inception in 2007 – was re-structured into a segregated portfolio company (SPC) and is now named CCRIF SPC.

The CCRIF Annual Report for 2013/2014 demonstrates CCRIF’s continued commitment to meeting the needs of our current and potential member countries and other partners in the Caribbean region.

This report, for the period 1 June – 30 November 2013, is for the first two quarters of the 2013/2014 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this six-month period towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2012/2013 – 2014/2015. In providing this progress update, this report also illustrates how the Facility upholds its customer values.

Near the end of this fiscal year – one year into CCRIF’s new strategic planning period – the Board of Directors held a one-day review of the 2013-2015 Strategic Plan to re-examine the key elements of the Plan based on CCRIF’s experience and performance thus far and to determine whether CCRIF is meeting the needs of its members and stakeholders, and achieving its vision and mission. As a result of this review, the customer value proposition and annual targets were sharpened to better reflect CCRIF’s work and our members’ needs. The new value proposition is reflected in this report.

This report, for the period 1 June – 30 November 2012, is the first semiannual report, covering the first six months in the 2012/2013 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this period towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2012/2013 – 2014/2015. In providing this progress update, this report also illustrates how the Facility upholds its customer values.