African Risk Capacity Limited awarded top ESG score in the insurance industry
African Risk Capacity (ARC) Limited has received the global insurance industry’s top overall environmental, social and governance (ESG) scores. Conducted by Sustainalytics, a leading ESG research, ratings and data firm, the evaluation is a comprehensive assessment of an organisation’s preparedness to meet future risks and opportunities linked to ESG factors, such as climate change, regulatory […]
Ground-breaking MOU signed at COP27 sees global risk pools join forces to raise visibility and influence
Global risk pool MOU builds a framework for collaboration in the areas of advocacy, product development and capacity building… Sharm el Sheikh, 21 November 2022 – Strengthening the reach and impact of the world’s risk pools is the key objective of a Memorandum of Understanding between African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (formerly […]
Parametric insurance: an effective tool in helping Africa fight climate change
Press Release issued by ARC Ltd. Parametric insurance: an effective tool in helping Africa fight climate change JOHANNESBURG, 1 NOVEMBER 2022 – Africa loses as much as 15% of its gross domestic product per capita, every year, due to the impact of climate change. The socio-economic and environmental damage of drought, floods and cyclones further […]
Opinion: Bridging the finance gap that impacts how Africa funds resilience, By Michel Jarraud
MEDIA RELEASE Bridging the finance gap that impacts how Africa funds resilience By Michel Jarraud, Secretary General Emeritus World Meteorological Organization and Board Member of African Risk Capacity (ARC) Ltd. A growing climate emergency and its intensifying toll on African soil make climate adaptation and early warning systems critical focus areas in building resilience on […]
Parametric development insurance shows real impact on African continent amidst calls for increased climate finance in run up to COP27
Press Release issued by ARC Ltd. Parametric development insurance shows real impact on African continent amidst 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 making a difference […]
ARC Ltd. releases Integrated Annual Report highlighting activities of Africa’s first sovereign parametric development insurer
Press Release issued by ARC Ltd. ARC Ltd. releases Integrated Annual Report highlighting activities of Africa’s first sovereign parametric development insurer Year of impact revealed in Integrated Annual Report outlining policies, pay outs and partnerships which protect Africa’s most vulnerable against the vagaries of extreme weather JOHANNESBURG, 14 SEPTEMBER 2022 – Over 18m individuals covered […]
ARC Limited hosts regional meeting to address role of insurance in fighting climate change impacts on African continent
Press Release issued by ARC Limited ARC Limited hosts regional meeting to address role of insurance in fighting climate change impacts on African continent Ecosystem of ARC Limited shares opportunities and challenges of working together to fight impacts of climate change ARC an instrument that can protect Africa’s most vulnerable against the worst impacts of […]
Fitch revises ARC Limited’s Outlook to Positive; affirms IFS Rating at ‘BBB+’
Press Release issued by ARC Limited Fitch revises ARC Limited’s Outlook to Positive; affirms IFS Rating at ‘BBB+’ Fitch rating reflects ARC Limited’s strong capitalisation and good company profile ARC Limited’s enhanced development activities likely to increase its importance JOHANNESBURG, 27 JULY 2022 – Fitch Ratings has revised African Risk Capacity (ARC) Limited’s Outlook to […]
Madagascar receives US$797,049 from the African Risk Capacity Group and the African Development Bank for Drought Response
Madagascar receives US$797,049 from the African Risk Capacity Group and the African Development Bank for Drought Response From left to right : General Mamy RAZAKANAIVO, Executive Secretary of Emergency Prevention and Management Unit (CPGU)/Prime Minister’s Office; Mr Koffi KONIN, Head of Government Services for East and Southern Africa, a.i., ARC; H.E. David ASHLEY, UK Ambassador to […]
We must shift our disaster risk architecture as climate disasters threaten African continent
JOINT AU / ARC Press Release We must shift our disaster risk architecture as climate disasters threaten African continent – ARC Limited CEO on International Day for Disaster Risk Reduction Climate change must be our greatest priority in disaster risk reduction space Africa must build resilience proactively if it is to change the disaster risk […]
