Cyclones, Floods, Droughts, Earthquakes, Tsunamis, and other natural disasters wreak extreme levels of havoc not only on people and property but also on governments and resource. When nations pool their risks with other nations, they can weather the financial burdens of these disasters more effectively. Now, the world’s foremost sovereign, risk pooling organisations have joined forces under the banner of ‘Resilience Risk Pools’ to advance awareness, education, and resource development to bring greater attention and financial commitment.
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Since 2014, African Risk Capacity (ARC) Ltd. has been pioneering parametric insurance in Africa and making inroads in protecting vulnerable communities. Having begun with coverage against drought risk, the company has diversified its service offering over the last decade to include the most prevalent hazards on the continent. 2023 proved a significant year of innovations and landmark agreements, propelling the company’s mission to provide coverage across all 55 African Union countries.
The SEADRIF Insurance Company is delighted to announce the successful renewal of parametric insurance coverage for flooding with the Government of Lao PDR. This renewal marks a significant continuation of our commitment to providing innovative catastrophe risk solutions tailored for our members.
Join our Resilience Risk Pool Panel Discussion where the leadership of these pioneering facilities will convene to share insights into innovative risk pooling models that enhance climate […]