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World Bank’s PEF to pay another $20m for Congo Ebola response

The World Bank’s Pandemic Emergency Financing Facility (PEF) will make its second contribution to the Democratic Republic of Congo Ebola response, with a $20 million grant from its cash window approved to be made.Last year the Pandemic Emergency Financing Facility (PEF) made its first cash disbursement, providing a $12 million read the full article →

Pandemic cat bond remains at-risk as Ebola virus spread continues

The World Bank's pandemic catastrophe bond remains at-risk as the spread of the Congo Ebola virus disease outbreak continues and agencies look nervously at borders in the region, with the risk of international transmission considered very high.At the latest count the World Health Organisation (WHO) has confirmed 640 Ebola virus read the full article →

Ebola deaths pass pandemic cat bond trigger, but no payout till it spreads

The number of deaths confirmed by the World Health Organisation (WHO) from the ongoing Ebola virus outbreak in the Democratic Republic of Congo have now passed the trigger point for the World Bank’s pandemic catastrophe bond, but the outbreak still needs to spread internationally before a payout becomes due.Artemis is read the full article →

PEF cat bond threat rises as risk of Congo Ebola spread now “very high”

The number of deaths confirmed by the World Health Organisation (WHO) from the latest Ebola outbreak in the Democratic Republic of Congo has risen again and the risk of the outbreak spreading to a neighbouring country is said to be very high, all of which heightens the risk for the read the full article →

Congo Ebola deaths rise heightening pandemic cat bond risk

The number of deaths from the latest Ebola outbreak in the Democratic Republic of Congo has risen to over 200 according to the latest media reports, while the World Health Organisation (WHO) reported 154 confirmed deaths as of November 8th. As a result, the risk that the World Bank's pandemic read the full article →

Famine Action Mechanism launched to link early warnings with financing

A new partnership aims to put the powers of technology, big data and financing together to help prevent future famines, by bringing together science and technology to create forecast based financing models that can distribute capital when it is needed, in advance of famine breaking out.The United Nations, World Bank read the full article →

Congo Ebola outbreak risk assessed as low, largely contained: WHO

The World Health Organisation (WHO) has said that, following success from the early response and as no new cases have been recorded in recent weeks, it considers the outbreak of the Ebola virus in the Democratic Republic of Congo to pose only a low risk now as it has largely read the full article →

WHO warns on risk of Ebola outbreak spread, as confirmed cases rise

The World Health Organisation (WHO) has warned of the "significant risk" that the outbreak of the Ebola virus in the Democratic Republic of Congo spreads to neighbouring countries, as the number of confirmed cases rises again placing the World Bank issued pandemic catastrophe bonds and swaps into focus again.As we read the full article →

World Bank PEF disburses $12m for Congo Ebola response, as cases rise

The World Bank's Pandemic Emergency Financing Facility (PEF) has made its first cash disbursement, providing a $12 million grant to assist in the response to the recent Ebola virus outbreak in the Democratic Republic of Congo, as the number of cases and deaths reported by the World Health Organisation (WHO) read the full article →

Marsh, Munich Re & Metabiota launch parametric pandemic insurance

Global broker and risk consultancy Marsh has launched PathogenRX, an insurance product designed to protect businesses against pandemic risks such as the outbreak of infectious diseases, that utilises a parametric trigger provided by epidemic risk modeling specialists Metabiota and capacity from reinsurance giant Munich Re.The impact of infectious disease outbreaks read the full article →