Risk Pools
The African Risk Capacity risk pools aggregate risk from across the continent each season to take advantage of the natural diversity of weather systems across Africa. The risk pool then takes on the risk profile of the group rather than the risk profile of each individual country, combining the uncertainty of individual risks into a calculable risk for the group.
Since it is unlikely that droughts, floods and tropical cyclones will occur in the same year in all parts of the continent, not every country participating in the pool will receive a payout in a given year. Because a continental risk pool’s exposure to covariant risk would be significantly smaller than a given country’s or region’s exposure, an ARC pool could manage climate risk with fewer funds than if each country financially prepared for its own worst case scenario individually.
- Risk Pool VIII (2021/2022)
Pool VIII
Coverage
Payouts
Insured People
COTE D'IVOIRE CENTRE
9 135 462
913 546
COTE D'IVOIRE NORD
4 305 677
430 568
MALI
15 000 000
14 535 969
1 500 000
SENEGAL
25 000 000
2 500 000
REPLICA_BURKINA FASO
3 018 474
301 847
REPLICA_MALI
7 362 989
7 136 192
736 299
REPLICA_SENEGAL
11 107 700
1 110 770
MAURITANIA CROP
3 082 217
308 222
MAURITANIA RANGELAND
4 000 000
400 000
REPLICA MAURITANIA CROP
2 055 370
205 537
REPLICA MAURITANIA RANGELAND
2 667 133
266 713
NIGER
7 000 000
700 000
THE GAMBIA
2 479 520
247 952
REPLICA THE GAMBIA
2 066 267
206 627
TOGO NORD
3 000 000
300 000
TOGO SUD PETITE
2 500 000
250 000
SUDAN CROP
4 225 550
422 555
SUDAN RANGELAND
3 018 870
301 887
MADAGASCAR DROUGHT
2 503 042
250 304
MADAGASCAR TC
11 690 000
1 169 000
MALAWI NORTH
1 659 700
165 970
MALAWI CENTRAL
1 949 250
194 925
MALAWI SOUTH
4 493 000
449 300
MALAWI LOWER SHIRE
7 905 190
790 519
ZAMBIA
5 377 892
537 789
ZIMBABWE
13 150 640
1 315 064
REPLICA START NETWORK ZIMBABWE
13 150 640
1 315 064
REPLICA WFP ZIMBABWE
7 890 384
789 038
REPLICA_MADAGASCAR DROUGHT
1 251 874
125 187
- Risk Pool VII (2020/2021)
ARC’s risk pool covering the 2019/2020 agricultural season included 12 countries: The Gambia, Mali, Cote D’Ivoire, Niger, Senegal, Zimbabwe, Zambia, Madagascar, Malawi, Togo, Burkina Faso, Mauritania.
Pool VII
Coverage
Payouts
Insured People
THE GAMBIA
1 128 178
112 818
COTE D'IVOIRE CENTRE
8 000 000
800 000
COTE D'IVOIRE NORD
4 305 679
2 185 100
430 568
MAURITANIA
6 451 139
645 114
NIGER
7 000 000
700 000
TOGO NORD
1 498 058
149 806
TOGO SUD PETITE
1 338 675
133 868
REPLICA_BURKINA FASO
4 397 760
439 776
REPLICA_MALI
15 000 000
1 500 000
REPLICA_MAURITANIA
6 451 139
645 114
REPLICA_GAMBIA
2 256 126
225 613
MADAGASCAR_DROUGHT
2 799 451
279 945
MADAGASCAR_TROPICAL CYCLONE
9 890 026
989 003
MALAWI
15 500 999
1 550 100
ZAMBIA
7 122 400
712 240
ZIMBABWE
13 483 000
1 348 300
REPLICA_ZIMBABWE
10 780 741
1 078 074
- Risk Pool VI (2019/2020)
-
ARC’s risk pool covering the 2019/2020 agricultural season included 11 countries: The Gambia, Mali, Cote D’Ivoire, Niger, Senegal, Chad, Zimbabwe, Madagascar, Togo, Burkina Faso, Mauritania.
Pool VI
Coverage
Payouts
Insured People
THE GAMBIA
1 761 681
176 168
MALI
15 000 000
1 500 000
COTE D'IVOIRE CENTRE
4 000 000
738 540
400 000
COTE D'IVOIRE NORD
4 000 000
400 000
NIGER
1 322 570
132 257
SENEGAL
20 000 000
12 522 508
2 000 000
CHAD
1 200 000
120 000
ZIMBABWE
5 345 668
1 465 602
534 567
MADAGASCAR
2 500 000
2 126 803
250 000
TOGO
4 500 000
450 000
REPLICA_BURKINA FASO
7 000 000
700 000
REPLICA_MALI
12 677 009
1 267 701
REPLICA_MAURITANIA
9 256 528
167 133
925 653
REPLICA_SENEGAL
17 022 967
10 658 512
1 702 297
REPLICA_ZIMBABWE
1 065 329
290 288
106 533
REPLICA_GAMBIA
3 522 014
352 201
- Risk Pool V (2018/2019)
-
ARC’s risk pool covering the 2018/2019 agricultural season included 3 countries: Burkina Faso, Senegal, The Gambia.
Pool V
Coverage
Payouts
Insured People
BURKINA FASO
6 000 000
600 000
SENEGAL
25 000 000
67 200
2 500 000
THE GAMBIA
3 300 000
330 000
- Risk Pool IV (2017 - 2018)
-
ARC’s risk pool covering the 2017/2018 agricultural season included five countries: Senegal, the Gambia, Mauritania, Burkina Faso, and Mali.
Pool IV
Coverage
Payouts
Insured People
BURKINA FASO
7 000 000
700 000
MALI
12 632 609
1 263 261
MAURITANIA
7 500 000
750 000
SENEGAL
21 148 867
2 114 887
THE GAMBIA
7 000 000
700 000
- Risk Pool III (2016 - 2017)
-
Entering its third year, ARC welcomed one new member. The risk pool for the 2016/2017 agricultural season included the following countries: Burkina Faso, Niger, Senegal, The Gambia, Mali, Mauritania.
Pool III
Coverage
Payouts
Insured People
BURKINA FASO
10 000 000
1 000 000
MALI
15 000 000
1 500 000
MAURITANIA
10 000 000
1 000 000
NIGER
30 000 000
3 000 000
SENEGAL
24 799 273
2 479 927
THE GAMBIA
5 000 000
500 000
- Risk Pool II (2015 - 2016)
-
The risk pool for the 2015/2016 agricultural season included the following countries: Kenya, Mauritania, Niger, Senegal, The Gambia, Mali, Malawi.
Pool II
Coverage
Payouts
Insured People
KENYA (Long rains Arid)
15 000 000
1 500 000
KENYA (Long rains Semi-Arid)
15 000 000
1 500 000
KENYA (Short rains Arid)
15 000 000
1 500 000
KENYA (Short rains Semi-Arid)
15 000 000
1 500 000
MALAWI
30 000 000
8 106 846
3 000 000
MALI
15 000 000
1 500 000
MAURITANIA
9 000 000
900 000
NIGER
30 000 000
3 000 000
SENEGAL
30 000 000
3 000 000
THE GAMBIA
4 740 000
474 000
- Risk Pool I (2014 - 2015)
-
The African Risk Capacity’s inaugural risk pool launched in 2014 and covered the 2014/2015 agricultural season. The risk pool consisted of four countries: Kenya, Mauritania, Niger, and Senegal.
Pool I
Coverage
Payouts
Insured People
KENYA (Long Rains)
30 000 000
3 000 000
KENYA (Short Rains)
30 000 000
3 000 000
MAURITANIA
9 000 000
6 331 915
900 000
NIGER
30 000 000
3 463 409
3 000 000
SENEGAL
30 000 000
16 506 656
3 000 000