Climate Change

Can parametric insurance mitigate Africa's climate risk?

Countries like Madagascar are setting an example as early adopters of parametric insurance

Countries like Madagascar are setting an example as early adopters of parametric insurance Image: REUTERS/Christophe Van Der Perre

Lesley Ndlovu
Chief Executive Officer, African Risk Capacity (ARC)
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Through parametric insurance, the burden of climate risk is taken away from governments by the insurer, who then manages the risk.
Through parametric insurance, the burden of climate risk is taken away from governments by the insurer, who then manages the risk. Image: Statista

people in Africa live in abject poverty parametric insurance
Current UN data suggests that around 490 million people in Africa live in abject poverty Image: Our World in Data

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