Tag: ARC
Africa bearing the brunt of climate change but innovation is making a difference
From Madagascar’s deadly tropical storms to the 22 million people in Somalia, Ethiopia and Kenya struggling to find enough to eat, Africa bears the sc [...]
Regional insurance pools come together at COP27 to manage climate change related risks
Strengthening the reach and impact of the world’s risk pools is the key objective of a Memorandum of Understanding between African Risk Capacity Limit [...]
Droughts, floods and pandemic illustrate the protection dividend from parametric insurance solutions
Drought in the Horn of Africa during 2021 and 2022 and severe flooding in South Africa (in April 2022) and Nigeria (in October 2022) illustrate the im [...]
Drought costs individuals dear and threatens country economies, warns ARC Ltd
More than 60% of households in Africa report sudden losses in income and assets in times of drought, according to the World Bank.
In a new report f [...]
As COP27 comes to Africa, insurers are urged to strengthen the continent’s voice in global market
Insurers are being urged to see the COP27 event in Egypt as the start of the conversation for Africa’s insurers and to sign up to the Nairobi Declarat [...]
Climate change costing Africa 15% of GDP every year
Africa loses as much as 15% of its GDP per capita, every year, due to the impact of climate change. The socioeconomic and environmental damage of drou [...]
Insurers have key role to play as COP27 in Egypt looms
Lesley Ndlovu, CEO of Africa Risk Capacity Ltd, speaks to Liz Booth a year on from attending the global climate change conference COP26 in the UK and [...]
Parametric development insurance shows real impact on African continent amid calls for increased climate finance in run-up to COP27
Climate finance is a hot topic in the run-up to COP27. While Africa waits for developed nations to fulfil their aid pledges, climate financing is maki [...]
Parametric insurance can transform how Africa copes with climate change, says ARC Ltd
Parametric insurance has the potential to transform how the continent deals with climate-change induced events, such as droughts and cyclones.
In a [...]
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 [...]