Tag: ARC

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Parametric insurance has power to transform continent, says ARC

Parametric insurance has power to transform continent, says ARC

Parametric insurance has the potential to transform how the continent deals with climate-change induced events, such as droughts and cyclones. That [...]
Fitch revises ARC’s outlook to positive; affirms IFS Rating at BBB+

Fitch revises ARC’s outlook to positive; affirms IFS Rating at BBB+

African Risk Capacity's (ARC) rating from Fitch has improved from stable to positive, while the ratings agency has also affirmed its insurer financial [...]
The triple Ms of re/insurance resilience 

The triple Ms of re/insurance resilience 

In the past ten years, ARC has covered more than 100 million Africans against natural disasters and paid, in timely manner, more than $125m in claims [...]
ARC hands US$14m to Malawi after drought

ARC hands US$14m to Malawi after drought

The African Risk Capacity Group has delivered a symbolic US$14.2m insurance payout cheque to the Malawi government after a drought in the southern Afr [...]
ARC Group hands over $3m cheque to Zambian government after extreme drought

ARC Group hands over $3m cheque to Zambian government after extreme drought

Following extreme drought event during the 2021/2022 agriculture season, representatives from the African Risk Capacity Group and the African Developm [...]
Malawi government set to receive $14.2m insurance payout from ARC following drought

Malawi government set to receive $14.2m insurance payout from ARC following drought

Drought-affected households in Malawi will receive swift relief of more than $14.2m with an upcoming climate insurance payout by African Risk Capacity [...]
Niger: Resilience possible via early-warning systems and insurance payouts

Niger: Resilience possible via early-warning systems and insurance payouts

Drought is nothing new in Niger. In fact, the country has experienced repeated large-scale droughts regularly over the past two decades, leading to na [...]
Zambia: when crop dreams are crushed

Zambia: when crop dreams are crushed

The first quarter of 2022 has been marked by drought conditions in the southern parts of Africa, particularly Zambia. Here’s a look at the causes, per [...]
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 [...]
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