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CBF – Caribbean Reef Insurance Project
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.