Data / Partner portfolio / World Bank Group / IDA
Haiti Catastrophe Insurance
US$ millions unless stated. Haitian fiscal year, October to September. FY2026-27 began October 1, 2026.
Objective
The development objective of the project is to reduce the country financial vulnerability to natural disasters (earthquakes and hurricanes) of Haiti. This will be achieved through the establishment of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the financing of catastrophe insurance coverage from the Facility. The project aims to allow Haiti to join the CCRIF and benefit from financial protection against catastrophic earthquake and/or hurricane events. Without this grant, it is unlikely Haiti would join this pilot initiative that represents the first entity created to protect small island states from the financial impact of natural disasters.
As published by World Bank Projects, in its original language.
Description
The Haiti Catastrophe Insurance Project's objective is to reduce Haiti's financial vulnerability to natural disasters through insurance coverage against earthquakes and hurricanes. This will be achieved by providing financing to Haiti to allow it to join the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and purchase financial protection against catastrophic earthquake and/or hurricane events. Without the IDA grant, it is unlikely that Haiti would join this pilot initiative, which represents the first entity created to protect small island states from the financial impact of natural disasters. The project has two main components with the first being to assist Haiti in joining the CCRIF through the financing of the entrance fee. This fee is equal to the first years insurance premium of
more
US2.57 million. The second project component is payment of annual insurance premium which will assist Haiti in purchasing the catastrophe insurance coverage offered by the CCRIF during the first three years. As such, the project supports the establishment and viability of the CCRIF.
- Partner
- World Bank Group, IDA
- Stage
- Closed since December 31, 2010
- Approval
- March 8, 2007
- Closing
- December 31, 2010
- Instrument
- IBRD/IDA financing, IDA
- Undisbursed gap
- −0.3: the IDA statement values undisbursed credits in special drawing rights at the current exchange rate
- Effectiveness
- July 31, 2007
- Last transaction
- June 30, 2011
- Operation ID
- P104690
Life cycle5 stages, 9 dates
Stage history
| Stage | From |
|---|---|
| Planned | January 12, 2007 |
| Approved | March 8, 2007 |
| Under way | July 31, 2007 |
| Closing | December 31, 2010 |
| Closed | December 31, 2010 |
Dated events
| Event | Date | Source |
|---|---|---|
| Concept review | January 12, 2007 | World Bank Projects |
| Disclosure | January 17, 2007 | World Bank Projects |
| Appraisal | January 31, 2007 | World Bank Projects |
| Negotiation | January 31, 2007 | World Bank Projects |
| Approval | March 8, 2007 | World Bank Projects |
| First commitment | March 8, 2007 | Transactions |
| Effectiveness | July 31, 2007 | World Bank Projects |
| Closing date | December 31, 2010 | World Bank Projects |
| Completion report due | May 13, 2011 | World Bank Projects |
Undisbursed: US$0.0 million on September 30, 2026, with closing on December 31, 2010.
Financing
Table 1.Financing, US$ millions
| Financier | AmountUS$ millions | Role | Source |
|---|---|---|---|
| IDA Grant | 9.0 | Institution | World Bank Projects |
Table 2.Position at the data date by source (stocks), US$ millions
| This pageUS$ millions | Source | |
|---|---|---|
| Commitment | 8.7 | IDA Statement of Credits and Grants |
| Disbursed | 9.0 | IDA Statement of Credits and Grants |
| Undisbursed | 0.0 | IDA Statement of Credits and Grants |
| Total cost | 9.0 | World Bank Projects |
World Bank amounts. Approved: Net commitment, the amount approved less cancellations, in US$ at the data date. Disbursed to date: The disbursements of the IDA statement and the Projects API to date, in US$. Undisbursed: The undisbursed balance the IDA statement publishes, in US$ at the data date. Amounts by source
Changes to the operationnot reported
- Original closing date
- Not reported
- Closing date extensions
- Not reported
- Restructurings
- Not reported
- Emergency component
- Not reported
New commitments and disbursements by fiscal year
Table 3.New commitments and disbursements by fiscal year (flows), US$ millions
| FY2006-07US$ millions | FY2010-11US$ millions | |
|---|---|---|
| New commitments | 9.0 | −0.3 |
| Disbursements | Not reported | Not reported |
| Cumulative disbursements | Not reported | Not reported |
The running total starts at the opening balance of US$9.0 million.
Records and documents
Transactions3 records, March 8, 2007 to June 30, 2011
Table 4.Transactions, US$ millions
| Date | Measure | AmountUS$ millions | Source | Method |
|---|---|---|---|---|
| March 8, 2007 | Commitment | 9.0 | IDA Statement of Credits and Grants | credit original principal at board approval |
| June 30, 2011 | Commitment | −0.3 | IDA Statement of Credits and Grants | cancellation: increase in cumulative cancelled amount between snapshots (non-USD credit: includes exchange revaluation) |
| April 30, 2011 | Disbursements | 9.0 | IDA Statement of Credits and Grants | cumulative at first snapshot (opening balance) |
Terms1 of 6 reported
- Finance type
- 110 Standard grant
- Flow type
- Not reported
- Aid type
- Not reported
- Tied status
- Not reported
- Collaboration type
- Not reported
- Humanitarian
- Not reported
Results indicators3 indicators
| Indicator | Baseline | Target | Latest value | Date of latest value |
|---|---|---|---|---|
| Total claims paying capacity of the CCRIF. | 0 | US$110 million | $130 million | December 31, 2010 |
| Total sum insured for Haiti. | 0 | $45 million cumulative | Haiti's coverage totals $51.8 million for 2010-201 | December 31, 2010 |
| Countries are eligible for insurance payment (and has received payment) in case of an insured event. | Insurance Facility does not legally exist | Participation fee paid and insurance policy purcha | Haiti has been eligible for insurance payouts sinc | December 31, 2010 |
Ratings29 ratings
| Rating | Value | Date |
|---|---|---|
| IEG bankqualityofsupervision | Satisfactory | February 9, 2012 |
| IEG borrowcompliance | Satisfactory | February 9, 2012 |
| IEG borrowimplementation | Satisfactory | February 9, 2012 |
| IEG evaltype | ES | February 9, 2012 |
| IEG evaluation_riskdo | Moderate | February 9, 2012 |
| IEG icrquality | Satisfactory | February 9, 2012 |
| IEG mequality | Modest | February 9, 2012 |
| IEG outcome | Moderately Satisfactory | February 9, 2012 |
| IEG overallbankperf | Moderately Satisfactory | February 9, 2012 |
| IEG overallborrowperf | Satisfactory | February 9, 2012 |
| ICR bankqualityentry | Not Rated | May 13, 2011 |
| ICR banksupervision | Not Rated | May 13, 2011 |
| ICR banksupervision | Substantial | May 13, 2011 |
| ICR borrgovt | Substantial | May 13, 2011 |
| ICR borrimplegency | Substantial | May 13, 2011 |
| ICR borroverall | Substantial | May 13, 2011 |
| ICR completion_riskdo | Moderately Satisfactory | May 13, 2011 |
| ICR completion_riskdo | Substantial | May 13, 2011 |
| ICR completion_riskdo | Modest | May 13, 2011 |
| ICR outratingind | Substantial | May 13, 2011 |
| ICR overallrating | Substantial | May 13, 2011 |
| ISR Counterpart Funding | Moderately Satisfactory | February 13, 2011 |
| ISR Financial Management | Satisfactory | February 13, 2011 |
| ISR Monitoring and Evaluation | Satisfactory | February 13, 2011 |
| ISR Overall | Low | February 13, 2011 |
| ISR Overall Implementation Progress (IP) | Satisfactory | February 13, 2011 |
| ISR Procurement | Satisfactory | February 13, 2011 |
| ISR Progress towards achievement of PDO | Moderately Satisfactory | February 13, 2011 |
| ISR Project Management | Satisfactory | February 13, 2011 |
Identifiers3 identifiers
| System | Identifier | Source |
|---|---|---|
| IDA credit or grant | IDAH2780 | IDA Statement of Credits and Grants |
| World Bank loan | IDA-H2780 | World Bank Projects |
| World Bank project | P104690 | Operation record |
Where sources differ1 field
| Field | Source | Value | Used |
|---|---|---|---|
| Commitment | IDA Statement of Credits and Grants | US$8.7 million | ✓ |
| Commitment | World Bank Projects | US$9.0 million |
Partner documents14 documents
- Reducing financial vulnerability to natural disasters : the Caribbean experience, May 8, 2012, documents.worldbank.org
- Haiti - Catastrophe Insurance, February 9, 2012, documents.worldbank.org
- Haiti - Catastrophe Insurance Project, May 13, 2011, documents.worldbank.org
- Haiti - Haiti Catastrophe Insurance : P104690 - Implementation Status Results Report : Sequence 09, February 13, 2011, documents.worldbank.org
- Haiti - Disaster risk management weathers storms to save lives : Haiti - Sistema nacional de gestión de desastres sortea tormentas para salvar vidas, August 28, 2009, documents.worldbank.org
- Haiti - Disaster risk management weathers storms to save lives, August 28, 2009, documents.worldbank.org
- Haiti - Disaster risk management weathers storms to save lives, August 28, 2009, documents.worldbank.org
- Haiti - Emergency Recovery and Disaster Management Project : additional financing, January 16, 2008, documents.worldbank.org
- Financing Agreement, Grant H278-HT Conformed, March 8, 2007, documents.worldbank.org
- Haiti - Catastrophe Insurance Project, February 6, 2007, documents.worldbank.org
- Haiti - Catastrophe Insurance Project : appraisal stage, January 22, 2007, documents.worldbank.org
- Haiti - Catastrophe Insurance Project, January 16, 2007, documents.worldbank.org
- Haiti - Catastrophe Insurance Project, January 16, 2007, documents.worldbank.org
- Haiti - Catastrophe Insurance Project : concept stage, January 16, 2007, documents.worldbank.org
Sources
- IDA statement of credits and grants (dataset): World Bank data, CC BY 4.0 (https://datacatalog.worldbank.org/public-licenses).
- Transactions: terms of use set by the publisher
- Operation record: terms of use set by the publisher
- World Bank project page: terms of use set by the publisher
- World Bank documents: terms of use set by the publisher
Data as of October 18, 2026
| Source | Read on |
|---|---|
| IDA Statement of Credits and Grants | October 18, 2026 |
| World Bank Projects | October 18, 2026 |
| World Bank documents | October 18, 2026 |
Cite this page
HaitiDocs. Haiti Catastrophe Insurance. Partner portfolio, data as of October 18, 2026. https://www.haitidocs.org/portfolio/projects/WB%3AP104690