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!!"#$%&'!%&())*+,%,*%"-./0/-12-%3(/04/15%/1%,6-% - - PowerPoint PPT Presentation

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SLIDE 1

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SLIDE 2

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SLIDE 3

3

All payouts made within 14 days CCRIF Payouts to Date

Total Payouts June 2007 – October 2019: US$152,002,614

  • On Tropical Cyclone policies: 106,443,920
  • On Excess Rainfall policies: 36,358,118
  • On Earthquake polices: 9,200,576

41 payouts totalling US$152 million made to 13 member governments

Payouts to The Bahamas after Hurricane Dorian: US$12,824,153 ~50% made within 7 days Remainder within 14 days

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SLIDE 4

Use of CCRIF Payouts

4

Approximately 2.5 million persons have benefitted from CCRIF payouts since 2007.

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SLIDE 5

Technical Assistance Programme

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SLIDE 6

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SLIDE 7

7

Supporting disaster risk reduction projects in Caribbean communities

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SLIDE 8

Applications accepted throughout the year – www.ccrif.org/content/programmes/small-grants-programme

Launched in 2015 For small projects by NGOs, CBOs, charity organizations, educational institutions Grant value: US$5,000 – US$25,000 Projects must focus on disaster risk management and/or climate change adaptation

Small Grants Programme

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SLIDE 9

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SLIDE 10

To increase farmers’ capacity to reduce the effects of climate change

  • n crops in Toledo District

Humana People to People Belize (HPPB)

10

Supporting farmers to be more climate resilient and build human capital through training, awareness-raising, and demonstrations. It will encourage the adoption of agricultural management methods, practices and techniques to empower the farmers to enhance their livelihoods and be more resilient to the impacts and effects of climate change.

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SLIDE 11

Soil conservation

  • f flooded arable

lands around the Bainet River Fondation Amour de Dieu (FADA) - Haiti

  • Implemented after Hurricane Sandy in 2012 –
  • Activities included constructing biological barriers for gullies

(gabion baskets), erecting fences on gently sloping slopes, planting fruit seedlings as well as forging relationships, increasing awareness of hazards and vulnerabilities and preventative actions/measures, thus building capacity and leadership within the community

11

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Reforestation projects in the watersheds of the North West Department

Groupe Encadré du Nord-Ouest (GAENO) - Haiti

Established nurseries to ensure ongoing supply of seedlings Community members planted trees throughout the watershed Created watershed management committees to maintain the trees and ensure sustainability

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SLIDE 15

Dam construction project in Torbeck Fondation Amour de Dieu (FADA) - Haiti

15

Constructed a dam using used tyres in the municipality of Torbeck to protect against storm surge

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SLIDE 16

16

Training and awareness about earthquake- and hurricane-resilient construction Fondation Amour de Dieu (FADA) - Haiti

Conducting training for construction workers

  • n how to construct buildings which are

resilient to hurricanes and earthquakes

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SLIDE 17

Project for reducing water vulnerability in the community of Boucan Richard in Gros-Morne

Urgence Rehabilitation and Development (URDev) - Haiti

Reduced water vulnerability in the community of Boucan Richard in Gros- Morne by rehabilitating the Derboyé

  • catchment. The water source has been

rehabilitated and operates in a sanitary situation, thus providing access to drinking water. Rehabilitated the watershed by planting vegetative cover – and the community knows how to plant and maintain trees in a scientific and professional way. Established first management committee

17

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SLIDE 25

The LPP

It is a parametric weather index-based insurance product It combines risk reduction and insurance for low-income groups It covers high rainfall and high winds It is intended to provide policy holders with funds within a short period of time – 10 to 14 days It provides individual payouts that are tied to a series of thresholds for wind speed and rainfall It uses an information system that uses mobile text messages to inform clients quickly if a policy is triggered

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SLIDE 26

How does Microinsurance help Vulnerable People?

  • Microinsurance is intended to provide some stability to

the financial situation of vulnerable, low-income individuals after a disaster through the injection of quick liquidity, thereby allowing then to avoid adopting coping strategies that could lead them deeper into poverty.

  • It will help people whose livelihoods are affected,

without them having to wait for help from “external” sources like the Government. It would enable farmers for example to have a source of immediate funding to undertake activities such as replanting, draining fields and reconstructing irrigation systems

  • Could improve the credit worthiness of individuals in

the long term, giving them access to financial services that they previously may not have had access to

  • Microinsurance is a clear example of proactive planning

for DRM at the individual level

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SLIDE 27

Target Market for Microinsurance

Microinsurance… providing coverage at the individual level, perfectly complements CCRIF’s government-level insurance

Farmers, fishers, market vendors, construction workers, tourism workers, food vendors, MSMEs, among others

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SLIDE 28

Role of Stakeholders in Microinsurance and LPP

Governments

  • Incorporate microinsurance as part of social protection strategy
  • r within local government departments purchasing group

policies and using payouts to assist the most affected individuals

  • r communities (purchase blocks of policies)
  • Provide subsidies for policy premiums or waive the premium

taxes or GCT/VAT

  • Incorporate microinsurance/LPP into existing government

rebates and subsidies for the fisheries sector or agriculture sector

  • Require purchase of LPP as part of registration process for

farmers, MSMEs etc.

  • Include insurance requirements in fisheries policies, agriculture

policies or in MSME policies

  • Sensitize vulnerable persons/low-income persons to the

importance of insurance and these new microinsurance products in general

Cooperatives and NGOs

  • Could purchase group

policies on behalf of members and could use shares to pay for premiums

  • Support the idea of

microinsurance and sensitize members and communities

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SLIDE 29

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