JOHANNESBURG, 4 March 2023 – African Risk Capacity Limited (ARC Ltd.), the parametric insurer and financial affiliate of the ARC Group, is celebrating its 10th anniversary. Helping governments better respond to climate shocks through rapid payouts, ARC Ltd. has paid out over US$170 million in claims to support vulnerable communities. Looking ahead, ARC Ltd. aims to expand its coverage across all 55 African Union countries. We will keep scaling up for even more impact.”For more information about The African Risk Capacity Limited (ARC Ltd), or to arrange an interview, please contact Sonnette at sonnette@bigambitions.co.za. The African Risk Capacity Limited (ARC Ltd.) is a financial affiliate of the African Risk Capacity (ARC) Group, a specialised agency of the African Union (AU), an initiative designed to improve current responses to climate-related food security emergencies.

Source: GNN Liberia March 04, 2024 22:52 UTC