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LONDON, September 15, 2023--The devastating earthquake that struck Morocco on 8 September 2023 affected an area with low insurance penetration. However, a new commentary from AM Best notes that a parametric insurance arrangement covering part of Morocco’s National Catastrophic Event Coverage Scheme is expected to be triggered and could result in a maximum payout of MAD 2,750 million (approximately USD 270 million).

The devastating earthquake that struck Morocco on 8 September 2023 affected an area with low insurance penetration. However, a new commentary from AM Best notes that a parametric insurance arrangement covering part of

As odd as it may sound, an earthquake, a tropical storm, an epidemic outbreak, and a cyber-attack occurred in Panama in June 2023  as the scenario for an emergency drill.

An exercise in Central America included a financial response simulation conducted by the World Bank Disaster Risk Management team. This reflects the increasing importance that countries in the region are placing on Disaster Risk Financial Management.

WASHINGTON – The World Bank Board of Executive Directors approved today two new projects, totaling US$185 million, to support Honduras strengthen the delivery of adolescent, maternal and child health services, improve its public health capacities for