Climate Change

Can parametric insurance mitigate Africa's climate risk?

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) Ltd


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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. Image: Statista

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


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