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IDB Issues Hurricane Parametric Insurance for Belize Backed by Swiss Re

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Sig2.75Sen+1.75Env+1.25Soc+2.70Gov+1.80

The IDB issued Belize parametric hurricane insurance backed by Swiss Re, covering up to $20M of risk with a maximum payout of $10M per policy year from 1 Aug 2026 to 31 May 2028. The coverage is designed to provide rapid emergency financing once triggered, complementing existing contingent financing and climate-resilient debt options that can defer principal payments after eligible disasters.

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