CBF - Caribbean Reef Insurance Project

Marine

Fund Caribbean reef recovery after hurricanes

Public-Private-Partnership

• Automatic payouts triggered by hurricane wind thresholds
• Rapid coral restoration across Dominican Republic, Jamaica, Saint Lucia, St. Vincent
• Reduces long-term ecological and economic reef losses

Developing a regional parametric reef insurance with CBF as policyholder, automatically triggering payouts after hurricanes to fund rapid coral restoration via National Conservation Trust Funds in four countries.

Caribbean Biodiversity Fund (CBF), Willis Limited (WTW), Mesoamerican Reef Fund (MAR Fund), InsuResilience Solutions Fund (ISF), National Conservation Trust Funds in the Dominican Republic, Jamaica, Saint Lucia, and St. Vincent and the Grenadines

Case study referred by NATURANCE. For more information, please contact: info@naturance.eu.

The Caribbean Biodiversity Fund (CBF) is leading the development of a regional reef insurance programme to extend this model to the wider Caribbean. Funded by the InsuResilience Solutions Fund, the programme targets coral reefs in the Dominican Republic, Jamaica, Saint Lucia, and St. Vincent and the Grenadines. CBF acts as policyholder and coordinates post-hurricane response through National Conservation Trust Funds, which distribute payouts to local reef responders. When hurricane wind speeds exceed predefined thresholds near insured sites, payouts are automatically triggered, financing rapid coral restoration to minimise long-term ecological and economic losses.

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• Reef Resilience Financing Mechanisms in the Caribbean | Our Projects