Southeastern Europe and Caucasus Catastrophe Risk Insurance Facility (SEEC CRIF)

Project Summary

To enable Europa Re, a catastrophe and weather-risk re-insurance facility, to develop new weather risk insurance and reinsurance products, automate insurance underwriting, pricing and claims settlement processes for such products, and increase public awareness of weather risk in participating countries.

Project Details

GEF Project ID
4515
Project Type
Full-size Project
Status
Completed
Country
Regional
Region
Focal Areas
Funding Source
Special Climate Change Fund
Implementing Agencies
The World Bank
Executing Agencies
Europa RE
GEF Project Manager
Rawleston Moore | rmoore1@TheGef.org

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
5,500,000 USD
Co-financing Total
21,500,000 USD
GEF Agency Fees
550,000 USD
Total Cost 27,000,000.00 USD

Project Timeline

Received by GEF
04 Apr 2011
Concept Approved
01 May 2011
Project Approved for Implementation
19 Oct 2011
Project closed
31 Dec 2015