Building resilience to climate change is of paramount importance in Africa: ARC

Ahead of COP27, the African Risk Capacity (ARC) outlines the importance of parametric insurance on the African continent, highlighting the need for further collaboration with more developed nations.

ARC provides parametric insurance services to African Union member states and farmer organisations to pool disaster-related risk across Africa and transfer it to international risk markets.

Since 2014, it has paid out $124,3m in claims from eight risk pools, transferred $1bn risk and covered 30m people per year.


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