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The Caribbean region is on the frontline of the climate crisis, facing tropical storms, floods and other extreme events annually. These hazards can critically impact essential water services, potentially resulting in water loss, contamination and scarcity, which may have significant health, safety and sanitation implications for vulnerable and disaster-hit communities. The Caribbean Water Utility Insurance Collective (CWUIC) is a new initiative from the UK and other partners, designed to financially protect water utilities in the Caribbean using parametric insurance. It provides rapid payouts after disasters to fund repairs, restore vital services quickly, and offer advice on resilience and rapid response for water utilities. Click to Read |
