13 OUR MEMBER STATES OUR MEMBER STATES This past fiscal year, the ARC Group expanded its footprint to 39 member states and signed Memoranda of Understanding with 29 countries. By 2034, we intend to have reached our goal of covering all 55 African Union countries. Countries that complete the Group’s capacity-building programme, receive a certificate of good standing, and become eligible to join ARC Ltd.’s risk pool. This year Burkina Faso, Côte d’Ivoire and Senegal rejoined Pool 10A. Countries joining the insurance risk pool in any given year are classified as ARC Ltd. Class A members. Governments must keep their premium payments current to retain their status as such. They also need to have a Board-approved contingency plan in place that details how payouts will be used following a disaster. We mandate all member states to use our proprietary Africa RiskView (ARV) platform, which converts satellite rainfall data into meaningful disaster risk measurements and indexes. By meeting these obligations, member states gain access to extensive disaster risk tools and support. IN 2023, MEMBER STATES ARC EXPANDED ITS FOOTPRINT TO 39 SIGNED MEMORANDA OF UNDERSTANDING 29 BY 2034, WE’LL REACH OUR GOAL AU COUNTRIES 55 IN 2023 BURKINA FASO, CÔTE D’IVOIRE AND SENEGAL REJOINED POOL 10A
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