Overview
- The Secretaría de Hacienda y Crédito Público renewed the national Catastrophe Insurance on June 5, 2026, putting a policy in force from June 5, 2026 to May 5, 2027 with a total insured sum of 10,400 million pesos.
- The program combines a 400 million‑peso Loss Administration Fund with a 10,000 million‑peso parametric insurance that triggers payments when preset physical thresholds for events such as earthquakes, hurricanes or heavy floods are met.
- Agroasemex, the state insurer, will administer the policy so payouts can be released faster than with traditional damage-by-damage claims assessments.
- The insurance sits inside a layered risk‑finance strategy that also includes patrimonial insurance for federal agencies, budgetary resources from Ramo 23, and a separate catastrophe bond for about $595 million issued through the IBRD that remains active until 2028.
- Officials framed the expansion as a response to rising climate losses after 2025, when private insurers reported roughly 8,004 million pesos in hydrometeorological claims, and the policy is meant to protect public assets, speed relief for affected communities, and reduce last‑minute budget shortfalls after major disasters.