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ARC launches parametric flood product in Africa

June 19, 2023


The African Risk Capacity (ARC) Group has launched a parametric insurance product aimed to help African countries cope with the devastating effects of flooding.

This mechanism will provide countries with predictable and rapid financing for early response to cope with emergency disaster events caused by floods.

ARC partnered with JBA Risk Management to develop a model to support the delivery of a practical and customisable parametric flood insurance product, the organisation explained.

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