Category: Environment
ARC pays out $2 million to Madagascar after drought
The Malagasy government has received US$2.13 million from the African Risk Capacity Insurance (ARC) to cover anticipated losses to livelihoods of its [...]
Insurers need to assess environmental consequences of deep seabed mining
Mining the deep seabed has produced all sorts of opportunities for insurers, however a new paper suggests much more research is needed before there ca [...]
Insurers urged to join new claims platform
Fruit traders in Africa often lose out on claims because the distribution chain is opaque, Kingsly Kwalar, founder and CEO of OPTIMIZ. And at the same [...]
New tool claims to predict where locusts will go next
As east Africa struggles with one of the largest locust swarms in years, Climacell has launched a Predictive Locust Impact Solution to help insurers, [...]
Hollard Mozambique teams up with Agritask to launch digital agricultural insurance
Agronomic operations platform Agritask has expanded its digital agricultural insurance platform in Southern Africa by partnering with Hollard Mozambiq [...]
Africa must make changes post Covid to tackle climate change
A post coronavirus recovery in Africa should address the fundamental causes of vulnerabilities and go beyond fiscal and monetary adjustments whose sol [...]
German government funds 1.2 million insurance policies for vulnerable African farmers
The German Ministry for Economic Cooperation and Development (BMZ) has provided $5.9m for the UN World Food Programme (WFP) to continue protecting 1.2 [...]
Fitch Ratings to include climate change in sovereign ratings
Fitch Ratings aims to capture climate change in sovereign ratings, as it does for all factors that it believes are relevant and material for creditwor [...]
Insurers urged to join UN ESG movement to address climate change risks
The lack of adequate drinking water is fast becoming a major risk for business and wider society alike, with recent flooding highlighting the issue ac [...]
More than three quarters of CEOs not ready for climate change, survey warns
Although the Covid-19 pandemic is dominating the world’s attention, climate risk is simmering in the background, with more than three in four (77%) CE [...]