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 Period: | GEF - 5 |
| Approval Fiscal Year: | 2011 |
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
18 Oct 2011
Project closed
08 Jul 2016