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Drought-affected Mali to benefit from $7.1m ARC replica payout via the WFP

More than 204,000 people in drought-affected parts of Mali are set to benefit from a $7.1 million payout by the African Risk Capacity (ARC) to the United Nations World Food Program (WFP), an ARC replica technical partner which has been subscribing to the climate insurance policy in Mali since 2017. The read the full article →

ARC payout helps Madagascar with post-cyclone Batsirai reconstruction

The African Risk Capacity (ARC) has now presented the Government of Madagascar with a "symbolic" $10.7 million cheque after the impacts of tropical cyclone Batsirai triggered the country's parametric tropical cyclone insurance coverage. As we wrote previously, Madagascar was the first African nation to take up the sovereign parametric cyclone insurance read the full article →

Cyclone Batsirai triggers $10.7m ARC payout for Madagascar

The African Risk Capacity (ARC) will make a US $10.7 million payout to the Government of Madagascar after recent severe tropical cyclone Batsirai triggered the coverage the country has from the parametric insurance risk pooling facility. We believe this is the first parametric payout for tropical cyclone insurance coverage read the full article →

Start Network buys $2.5m replica ARC parametric drought cover

The Start Network, an international network of non-governmental humanitarian organisations, has purchased a US $2.5 million replica parametric insurance cover from the African Risk Capacity (ARC) to protect more than 800,000 people in Zimbabwe from drought risk. Working in partnership with African Risk Capacity (ARC) and the Government of Zimbabwe, Start read the full article →

Climate resiliency & food security combine with ARC & Afreximbank MoU

For the developing world and countries highly exposed to climate related risks, resiliency and food security need to go hand-in-hand to enable better responses to climate disasters and the African Risk Capacity (ARC) has partnered with the Afreximbank to provide both together. Of course, the African Risk Capacity (ARC) already provides read the full article →

African Risk Capacity (ARC) members to get premium financing support

On the margins of the COP26 climate conference in Glasgow yesterday, a significant vote of confidence in the African Risk Capacity's (ARC) parametric climate insurance products was announced, as the German government said it would provide €18 million in premium support for qualifying ARC members. Encouraging uptake of climate and disaster read the full article →

Time to “shift disaster risk architecture” as climate threatens: ARC’s Ndlovu

Climate change has to become the greatest priority for the disaster risk financing space, meaning it is time to "shift the disaster risk architecture", according to CEO of parametric risk pool and insurer the African Risk Capacity (ARC) Lesley Ndlovu. With the COP26 climate conference around the corner, Ndlovu believes that read the full article →

African Risk Capacity targets addition of Somalia to parametric risk pool

The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, is targeting adding Somalia to its risk pool, signing an MoU with the Government to help it work through the onboarding process. The Government of the Federal Republic of Somalia has read the full article →

Madagascar takes up new African Risk Capacity parametric cyclone insurance

The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, has launched a parametric tropical cyclone insurance product for African nations and Madagascar has become the first to take it up. It's taken a long time to get to this stage, read the full article →

African Risk Capacity to start underwriting inwards reinsurance

The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and now other entities in Africa, is also planning to further expand its risk pool by underwriting inwards reinsurance thanks to securing a rating from Fitch. African Risk Capacity Limited (ARC Ltd), the commercial insurer subsidiary of read the full article →