top of page

Climate Risk Insurance in the Caribbean: 20 Lessons Learned from the Climate Risk Adaptation and Insurance in the Caribbean (CRAIC) Project

Countries in the Caribbean face a range of natural hazards, particularly tropical cyclones, excess rainfall, earthquakes and to a lesser extent volcanic risks. The region also faces secondary risks from flooding, landslides, storm surge and wave impacts, drought, and tsunamis. The most significant natural hazard in the Caribbean is tropical cyclones, largely due to their high frequency and severity in the region as well as their potential to hit many islands with a single storm. Tropical cyclones have had an inordinate impact on the economies of Caribbean countries, many of which depend on tourism and agriculture as their main economic drivers. With respect to hydro-meteorological hazards, climate change is expected to increase the frequency, intensity, and potential impact of these hazards. The changing climate can be considered to be a global driver of increasing disaster risk and threatens to undermine many of the critical development gains being made by Caribbean countries. 

Sinja Buri

Sinja Buri

bottom of page