It takes far too long for African countries to mobilise the immediate resources they need for relief efforts, to save lives and livelihoods. The traditional disaster response is extremely slow and inefficient and, by the time governments and NGOs have raised enough money to respond meaningfully, the problem has become much worse and more funding is needed. The role of insurance is therefore critically important in building resilience and ensuring a country can bounce back quickly after a natural disaster.
African Risk Capacity (ARC) plays a leadership role in mitigating and managing the effects of climate change on the African continent and tackling the root cause of these devastating and disruptive climate change events. ARC Limited works with countries to prepare them for the risk exposure they have and help them prepare for how to respond, including helping them to establish a rainy-day fund.