African Risk Capacity

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Mozambique seeks sovereign disaster insurance with help of ARC & World Bank

The African nation of Mozambique is seeking sovereign disaster insurance solutions to help better protect its economy and people against the impacts of drought, floods and tropical cyclones.The country is working with the parametric development insurance provider the African Risk Capacity (ARC), as well as other agencies including the World read the full article →

African Development Bank launches disaster risk facility, ARC to assist

The African Development Bank has announced the launch of a disaster risk facility that will aim to increase the use of climate risk financing and insurance, including parametric risk transfer solutions, for African countries.The African Development Bank (ADB) announced the approval and launch of the Africa Disaster Risks Financing (ADRiFi) read the full article →

ARC and Metabiota begin parametric outbreak & epidemic insurance pilot

The African Risk Capacity (ARC), a parametric sovereign disaster risk insurer for African nations, has begun a pilot with the help of San Francisco based Metabiota to roll-out parametric insurance cover against disease outbreaks and epidemics.The new parametric outbreak & epidemic insurance product has been coming for some time, as ARC read the full article →

African Risk Capacity & UN partner to expand climate risk insurance access

The African Risk Capacity (ARC), an organisation providing parametric sovereign disaster risk insurance and resilience building support to African nations, has entered into a partnership with the United Nations Economic Commission for Africa (ECA) aiming to increase uptake and coverage of climate risk insurance in the region.The African Risk Capacity read the full article →

Parametric outbreak & epidemic insurance launched by ARC

The African Risk Capacity (ARC), the provider of parametric sovereign disaster risk insurance and other support to African nations, has launched a new insurance product designed to cover disease outbreaks and epidemics.The outbreak and epidemic parametric insurance product has been designed to deliver rapid payouts and targeted funds for detected read the full article →

ARC and African Development Bank partner to expand risk transfer

The African Risk Capacity (ARC) and the African Development Bank (AfDB) are to collaborate to enhance Member states' understanding of the need for and value of disaster insurance and ultimately to help expand and embed risk transfer within countries policy and development objectives.The African Risk Capacity (ARC), Africa’s first sovereign read the full article →

African Risk Capacity in $8m parametric insurance payout to Malawi

The African Risk Capacity (ARC), Africa’s sovereign parametric catastrophe insurance pool, is to make a US$8 million payout to Malawi after its 2015/16 agricultural season parametric drought insurance policy was triggered by ARC's model.Initially, the ARC model did not register a payout for Malawi from the drought this year, but read the full article →

African Risk Capacity’s next growth phase to be led by new CEO

The insurance mutual and financial affiliate of the African Risk Capacity (ARC), the African Risk Capacity Insurance Company Ltd (ARC Ltd), has announced that former Director of the International Finance Corporation (IFC), Dolika Banda, will replace Dr. Simon Young as Chief Executive Officer (CEO) of the firm.The appointment comes into read the full article →

African Risk Capacity (ARC) to target growing risk pool to $1.5bn

The African Risk Capacity (ARC), Africa’s first sovereign catastrophe insurance pool, has ambitions to grow the size of the risk pool to $1.5 billion by 2020, as it increases the number of countries covered and expands products beyond drought, to include flood and cyclone risk.Speaking to Reuters yesterday, Director-General read the full article →

African Risk Capacity (ARC) gets $150m in support from COP21 countries

The African Risk Capacity (ARC), Africa’s first sovereign catastrophe insurance pool, is set to receive $150 million in support pledged by countries attending the Paris COP21 climate change talks over the last fortnight.The African Risk Capacity (ARC) has received a significant amount of coverage and support over the last fortnight. read the full article →