Regional Risk Pools move from commitment to implementation
Published on Apr 22, 2025
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action – backed by a new €4.7 million grant supporting joint solutions, capacity building, and knowledge-sharing across continents.
The African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) have signed a landmark joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to advance the implementation of their Joint MoU signed in 2022.
The grant agreement, signed on 9 April 2025, represents a significant step forward in strengthening collaboration among the Regional Risk Pools and underscores their shared commitment to strengthening financial resilience and promoting sustainable growth.
Under the agreement, GSSP via its Global Shield Programme for Resilient Risk Pools (GSRRP) will provide funding to support the Regional Risk Pools in implementing their Joint Request for CDRFI Support. The project aims to establish a joint Risk Pools solution and learning network, set up a global facility for risk data and analytics information sharing and evaluation, establish a Risk Pools employee exchange programme and increase Risk Pools’ joint advocacy.
“This joint agreement heralds an exciting new beginning in the evolution of CCRIF and other regional risk pools. It represents a game-changer in how we deliver on our mandate as development insurers. By providing a stronger platform for collaboration, CCRIF will be better positioned to support the Caribbean and Central America in closing the protection gap while enhancing regional resilience to climate risks.” — Isaac Anthony, CEO, CCRIF SPC
