CaribRM Services

CaribRM provides services and expertise to a wide variety of regional and global re/insurance brokers placing Caribbean risk as well as to individual private and public sector clients including the World Bank and many Caribbean Governments. We are Facility Supervisor (risk and operational managers) of the Caribbean Catastrophe Risk Insurance Facility, the world’s only multi-national and parametric catastrophe risk pool, as well as Technical Operations Manager of the Microinsurance Catastrophe Risk Organisation (MiCRO), an innovative catastrophe microinsurance underwriting platform.

CaribRM has a client and regional focus which is backed up by a commitment to scientific research, keeping track of the hazards of our ever-changing natural world and the global business and market conditions in which the region operates.

Core Competencies

  • Risk Data Collection and Management: CaribRM, provides a comprehensive suite of tools designed on a case-by-case basis to help clients collect and manage the data necessary for effective risk management. This includes collation of asset locations, values and descriptions which are already available and collection of new data through comprehensive risk surveying services for all property and casualty lines and all coverage types.
  • Catastrophe Risk Modelling: Utilising in-house hazard and risk modelling capabilities and with unique access to external numerical hazard modelling expertise and software, CaribRM builds models that enable quantification of catastrophe risk through the provision of probable maximum loss (PML) and full loss exceedance curve outputs. We also provide ad-hoc expert advice on best-use of commercial risk models in the wider Caribbean region.
  • Actuarial Services: Our actuarial team provides a range of services to insurance entities across the region, including standard reporting and reserving, product reviews and loss data analysis. In particular, we have developed tools for analyzing motor lines which have demonstrated ability to improve underwriting return. As part of our ERM solutions we support the execution of Dynamic Financial Analysis (DFA) and other data processing and analysis projects for clients across the region.
  • Design and Optimization of Risk Transfer: Risk transfer solutions developed using our risk and DFA model outputs can be implemented through retail insurance, reinsurance, captives and other ART mechanisms for a variety of insurance lines. We specialize particularly in maximizing the benefits of risk pooling and in parametric insurance solutions, including index agricultural insurance.
  • Disaster Preparedness and Business Continuity Planning: With a long history of research and operations in the natural hazards management discipline throughout the Caribbean, CaribRM can lend considerable support to disaster preparedness and business continuity planning as well as risk management consultancy in this regard. A client specific loss model which accounts for this planning enables underwriters to see quantitative demonstration of risk reduction, and also leads to lowering of actual losses where risk is retained (e.g. in a captive risk transfer solution).


CaribRM Registered Office:
20 Micoud Street
PO Box 189
Castries, Saint Lucia

Jamaica Office:
7-9 Harbour Street
Kingston, Jamaica
Tel: +1 (876) 922-9604
Fax: +1 (876) 924-9461

Barbados Office:
Cedar Court
Wildey Business Park
Wildey, St, Michael
BB14006, Barbados
Tel: +1 (246) 426 1525
Fax: +1 (246) 426 1704

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