Parametric Earthquake Insurance Grant

About this grant

This parametric earthquake insurance policy provides sovereign risk transfer for eligible governments in the Caribbean and Central America. Coverage triggers automatic payouts within 14 days of qualifying earthquake events, based on intensity thresholds and catastrophe model outputs established at policy inception. The instrument is designed to enable rapid post-disaster liquidity without requiring damage assessments. Eligible applicants are government entities in Barbados, Antigua and Barbuda, the Bahamas, Belize, Dominica, Grenada, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Concessional finance is available through the call.

Key requirements

• ✓Eligible applicant must be a Caribbean or Central American government entity
• ✓Coverage triggered by earthquake events meeting parametric thresholds defined in catastrophe model
• ✓Payouts delivered within 14 days of event trigger
• ✓Pre-agreed catastrophe model estimates and intensity parameters must be established at policy inception

Frequently asked questions

Who can apply for Parametric Earthquake Insurance?

Eligibility covers organisations in BB, AG, BS, BZ, DM, GD and 12 more countries; local-authority.

Relevant sectors

About this sector

Climate adaptation funding helps communities, infrastructure and businesses prepare for heat, flooding, drought and sea level rise. Most of it is public and multilateral money, often targeted at vulnerable regions and delivered with local government. Calls usually ask for a climate risk assessment and evidence that local people shaped the plan.