Press Release

March 16, 2023

African Risk Capacity Limited and Milliman launch postgraduate scholarship programme for African students studying climate change risk

JOHANNESBURG, 16 MARCH 2023 – Africa’s premier institution for disaster risk financing on and for the African continent, African Risk Capacity Limited and Milliman, a risk management, benefits and technology company, have come together to launch a postgraduate Africa Scholarship Programme exclusively for African students.
November 1, 2022

Parametric insurance: an effective tool in helping Africa fight climate change

JOHANNESBURG, 1 NOVEMBER 2022 – Africa loses as much as 15% of its gross domestic product per capita, every year, due to the impact of climate change. The socio-economic and environmental damage of drought, floods and cyclones further devastates a population where almost half live in extreme poverty (United Nations 2021).
November 1, 2022

FINAL V2_Djibouti_Press Release

JOHANNESBURG, 1 NOVEMBER 2022 – Africa loses as much as 15% of its gross domestic product per capita, every year, due to the impact of climate change. The socio-economic and environmental damage of drought, floods and cyclones further devastates a population where almost half live in extreme poverty (United Nations 2021).
October 19, 2022

Bridging the finance gap that impacts how Africa funds resilience

A growing climate emergency and its intensifying toll on African soil make climate adaptation and early warning systems critical focus areas in building resilience on the continent. The most effective way to confront the crisis is, firstly to be armed with information that allows one to prepare well in advance, and secondly to ensure a country has the resources to meet the demand for assistance when natural disasters strike.
September 27, 2022

Parametric development insurance shows real impact on African continent amidst calls for increased climate finance in run up to COP27

JOHANNESBURG, 27 SEPTEMBER 2022 – Less than two months to this year’s UN Climate Change Conference (COP27) in Sharm El-Sheikh, African leaders are turning up the heat on countries which pledged climate finance to help developing countries adapt to the effects of climate change but have not delivered. Agreements in Paris and Copenhagen had earmarked billions ...