The Livelihood Protection Policy (LPP) by The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is a distinctive weather index insurance product tailored to the Caribbean region. This innovative policy empowers individuals, organizations, and institutions to safeguard against financial losses stemming from intense rainfall and powerful winds. Designed as a safety net for vulnerable communities, the LPP offers swift assistance following disaster events, reinforcing resilience and fostering recovery across the Caribbean insurance landscape.
https://www.ccrif.org/projects/crai/livelihood-protection-policy-lpp
Livelihood protection policy (LPP)
Organization:
The Caribbean Catastrophe Risk Insurance Facililty
Category:
Insurance
Subcategory:
Weather Insurance
Available at:
Rural and Urban
Channel:
Physical
Climate Resilience Approach Mapping:
Risk Prevention, Risk Mitigation, Risk Recovery
Climate Impact Mapping:
Wind, Precipitation Patterns
Country / Region Input:
Caribbean
Sector Mapping:
Sector Agnostic
Business Model Mapping:
Interest, Other Business Model
