African Risk to pay-out $8m for drought after risk model is recalibrated


Mutual insurer African Risk Capacity Insurance Company (ARC) will pay $8.1 million to support the Government of Malawi‘s response to a 2015/16 drought – but only after the parametric model used for assessing whether a pay-out has been triggered was recalibrated.

African Risk, Catastrophe, Africa, Technology

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