The 15th BRICS Summit held in South Africa just concluded, and it was apt that one of the side events, organized by the BRICS Business Council, Africa Centre for Disease Control and Africa Health Business was on pandemic prevention, preparedness, response and recovery for health security. The global response to the COVID-19 pandemic has underscored a crucial lesson: adequate preparedness is paramount to a solid response for effective health outcomes.

The Government of the Republic of Cabo Verde becomes the 36th African Union member state to sign the ARC Treaty to effectively address the impacts of extreme weather events and disease outbreaks

Comunicado de Imprensa Oficial da ARC

O Governo da República de Cabo Verde tornou-se o 36.º Estado-Membro da União Africana ao assinar o Tratado da ARC para fazer face de forma eficaz aos impactos dos fenómenos meteorológicos extremos e surtos de doenças

The African Risk Capacity Group (ARC) receives $17 million in funding from the Canadian Government

Date: 6th June 2023
Johannesburg, South Africa

African Risk Capacity launches the first Flood Risk Insurance Product in Africa.

On 27 April 2023, the ARC Group was honoured to receive the Closing the Gap award at the Trading Risk Awards 2023, a recognition of the organisation’s recently launched Outbreaks and Epidemics insurance product’s innovativeness and uniqueness. Specifically, this award celebrates reinsurance or ILS transactions that insure risk that was previously uninsured or not highly insured and highlighted this transaction as one that will ensure the risk will be well covered

De gauche à droite: M. Ramilison Janset, Ministre de l'Agriculture et de l'Elevage; S.E.M. David Ashley, Ambassadeur du Royaume-Uni à Madagascar; Mme Gloria Womitso, Actuaire en charge de la souscription chez ARC Ltd; M. Ada Amoumoun, Directeur Pays de la BAD ; Ibrahima Cheikh Diong, Sous-Secrétaire général des Nations unies et Directeur général du Groupe ARC; M.

From left to right: M. Ramilison  Janset, Minister of Agriculture and Livestock; H.E. Mr. David Ashley, UK Ambassador to Madagascar; Ms. Gloria Womitso, Actuary & Senior Technical Underwriting Analyst at ARC Ltd; Mr.

Recently, the Government of the Republic of Madagascar qualified for a much-needed insurance payout of USD 1.2 million to support the island nation’s recovery efforts from Tropical Cyclone Freddy and help the government reach its most affected populations. This follows its participation in the African Risk Capacity (ARC) Group mechanism. The Group, which has been working with Madagascar since 2017 to manage its climate risks, has the mandate to work with African Union Member States to better plan, prepare, and respond to extreme weather events.

The Government of the Republic of The Gambia recently received an insurance payout of USD 187 641 following its participation in the African Risk Capacity (ARC) Group mechanism, designed to help African Union (AU) member states plan, prepare and to better respond to extreme weather events.