African Risk Capacity to double coverage

Fiona Robertson

Catastrophe insurance pool African Risk Capacity (ARC) is planning to double the insurance coverage it offers by opening up to UN agencies and non-governmental organisations.

The pool already offers nine governments about $180mn of coverage and it hopes other organisations will take out cover to match this existing limit.

ARC aims to provide $850mn of cover direct to sovereigns by 2020, which it said could almost double to $1.5bn including “replica coverage” bought by other organisations.

The Insurance Insider

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *