Our journal named Journal of Forestry and Natural Resources has published its second issue in Volume I (2022)…
Virtually travel back to the IFLA World Library and Information Congress 2022 through this wrap-up video where you can revisit some of the spaces, check out the highlights and relive the inspiring and engaging moments the Congress gave us…
Author: Lesley Ndlovu, Chief Executive Officer, African Risk Capacity (ARC) Ltd
- In Africa, 490 million people (40% of the population) are living in extreme poverty.
- As a result, communities are highly vulnerable to natural disasters, which are increasing in frequency and severity owing to climate change.
- The continent loses between 5% and 15% of its gross domestic product to climate change.
- Parametric insurance has the potential to be a game-changer in mitigating disaster risk on the African continent.
Parametric insurance is not a new concept. Such products and solutions have been in existence for more than 20 years. On the African continent, however, parametric insurance is relatively new but becoming ever more crucial to climate resilience.
Also called index-based insurance, parametric insurance differs from traditional insurance…
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