Who can apply for Parametric Excess Rainfall Insurance?

Eligibility covers organisations in LATAM, BB, AG, BS, BZ, CR and 12 more countries; local-authority. The full eligibility conditions are part of the Pro detail.

Parametric Excess Rainfall Insurance Grant

••••• organisation

An organisation based in Cayman Islands

Summary

Parametric excess rainfall insurance for Caribbean and Central American governments that triggers automatic payouts within 14 days based on rainfall intensity and catastrophe model outputs. This is a sovereign insurance product designed to help governments manage financial risk from extreme rainfall events.

Summary by Raise Lens from the official notice · 4 Aug 2026Accurate?

About this grant

Parametric insurance policy for Caribbean and Central American governments covering excess rainfall events. Payouts are based on modelled losses from rainfall intensity and delivered within 14 days of the triggering event.

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Frequently asked questions

Who can apply for Parametric Excess Rainfall Insurance?: Eligibility covers organisations in LATAM, BB, AG, BS, BZ, CR and 12 more countries; local-authority. The full eligibility conditions are part of the Pro detail.