Category: Environment

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Insured losses from natcats continue to rise

Insured losses from natcats continue to rise

Natural catastrophes in 2021 resulted in a total global economic loss of $270bn and insured losses of $111bn, the fourth highest according to a new re [...]
Women need insurance or face brunt of climate crisis

Women need insurance or face brunt of climate crisis

Women and girls, especially in rural communities, continue to face the brunt of the climate crisis that exacerbates pre-existing inequalities, jeopard [...]
Drought-stricken Mali receives first-ever ARC Limited climate risk insurance pay-out

Drought-stricken Mali receives first-ever ARC Limited climate risk insurance pay-out

More than 204,000 vulnerable people in drought-affected regions of Mali will benefit from a $7.1m climate risk insurance payout by African Risk Capaci [...]
Storm season lashes Madagascar but help is on the way from insurers

Storm season lashes Madagascar but help is on the way from insurers

Madagascar has been dealt wave after wave of devastating weather events in recent months. First, tropical storm Ana, then cyclone Batsirai, followed b [...]
Insurance comes to rescue in Mali and Madagascar after climate disasters

Insurance comes to rescue in Mali and Madagascar after climate disasters

African Risk Capacity, through ARC Replica, has paid out $7.1m to drought-affected regions of Mali. The news comes days after ARC made payments in Mad [...]
German government commits E21 million to build climate resilience in vulnerable countries

German government commits E21 million to build climate resilience in vulnerable countries

The German Federal Ministry for Economic Cooperation and Development (BMZ) is committing EUR 21 million to better protect poor and vulnerable countrie [...]
Africa at forefront of climate change risks, warns new IPCC report

Africa at forefront of climate change risks, warns new IPCC report

Human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people around the world, [...]
Insurers watching Morocco as drought fuels protest

Insurers watching Morocco as drought fuels protest

The worst drought in decades has left Moroccan farmers facing what one industry official dubbed a "catastrophic year" that will force the government t [...]
Kenyan farmers receive KSH12m insurance payout

Kenyan farmers receive KSH12m insurance payout

Kenyan insurer APA Insurance has made a KSH12m initial insurance payout to farmers in Nandi for losses incurred during the 2021 season. APA Insuran [...]
Zimbabwe’s insurance regulator backs agricultural market

Zimbabwe’s insurance regulator backs agricultural market

Zimbabwe's insurance regulator and IFC have launched a partnership to create a market for agricultural insurance products in Zimbabwe to protect small [...]
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