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ARC opens parametric insurance products to organisations & NGO’s

The African Risk Capacity (ARC) aims to double the coverage it provides to as much as $1.5 billion by 2020, by opening up its parametric insurance products to international organisations, such as United Nations agencies and non-governmental organisations (NGO's).The African Risk Capacity (ARC), Africa’s first sovereign catastrophe insurance pool, is read the full article →

African Risk Capacity in first payout of $25m to three countries

The African Risk Capacity's (ARC) pioneering catastrophe insurance pool, which operates as the ARC Insurance Company Ltd. (ARC Ltd), is set to make its first payout, totalling $25 million to three participating countries.Senegal, Niger and Mauritania will be awarded funds resulting from drought experienced during 2014. The report notes that read the full article →