24 AGRICULTURE-FOCUSED EVENTS COP28 ARC LTD . ’ S ADVOCACY I N AFR I CA AND BEYOND Executive Officer Lesley Ndlovu contributed to the roundtable discussing “Perspectives on financial mechanisms for preventing and mitigating food crises and transforming agrifood systems”. ARC is a member of The Microinsurance Network and its June Member Meeting in Luxembourg explored insurance for micro, small and medium enterprises. It offered a platform to showcase the latest programmes in resilience-building among smallholder farmers and developments in protecting MSMEs – an ideal opportunity for Head of Business Development David Maslo to present on our progress in this arena. Invest Africa hosted the event ‘Climate Change and the Effect on Agriculture’ in Cape Town, where Chief Operating Officer Ange Chitate was on a panel discussing how the continent can mitigate the impact of climate change on agriculture and build long-term resilience. The High-level Political Forum on Sustainable Development (HLPF) 2023, held at the United Nations headquarters in New York, included a side event that addressed “Financing for sustainable and inclusive agrifood systems and food crises prevention and mitigation”. Co-organised by the UN Food and Agriculture Organization (FAO) and the Permanent Missions of Brazil and Pakistan to the UN, Chief COP is an important annual event for ARC Ltd., providing a global platform to highlight our work, innovations, and partnerships. COP28 was characterised by its inclusivity, financial commitments, and actionable progress. It achieved the largest attendance in history – over 100 000 delegates and key stakeholders from African governments, development partners, and the reinsurance industry. ARC Ltd. played a pivotal role at COP28, leveraging the global platform to showcase our groundbreaking work, innovations, and partnerships. We convened four panels which drew on the expertise and insights of leading figures in climate risk insurance and highlighted the latest innovations and developments in climate risk insurance solutions. “Partnership in Action: Scaling Climate Risk Solutions in Africa” focused on expanding risk coverage to more vulnerable communities and how ARC Ltd.’s strategy of strong partnerships and replicating successful models to manage climate risks is helping to achieve this. “Navigating the Future: The Nairobi Declaration’s Journey in Sustainable Insurance” looked back on the two years since the declaration came into being, the progress so far and the way forward for signatories. It also sought to identify new opportunities in sustainable insurance. “Operationalising Micro- and Meso-level Premium Support for Climate Risk Insurance” explored best practices and operationalising micro- and meso-level premium support. Among the talking points were sustainability, the role of the public and private sector, and targeting premium support for the most vulnerable. “The Pioneers of Climate Risk Pooling” convened the leadership of the world’s major multi-country risk pools – Caribbean Catastrophe Risk Insurance Facility SPC, ARC Ltd., Pacific Catastrophe Risk Insurance Company (PCRIC), and Southeast Asia Disaster Risk Insurance Facility (SEADRIF) – to share innovations in building economic resilience to climate threats. This was the first time these four risk pool leaders came together as a global panel to participate in a public forum. Chief Executive Officer Lesley Ndlovu participated in numerous panels, contributing significantly to enriching the dialogues.
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