32 ARC’S ROLE VS PROCESS INITIATION • Scoping • Country Strategy • MoU EVALUATION & LEARNING • Financial Audit • Process Evaluation COUNTRY PROGRAMME DEVELOPMENT • Technical Working Group • Capacity Building • Technical Support PAYOUT & RESPONSE • Field Monitoring • Monthly Reporting • Final Implementation Plan RISK POOL PARTICIPATION • Insurance Policy • Premium Payment This diagram illustrates ARC Ltd.’s role and where it fits into the ARC Group process: OUR UNDERWRITING PROCESS THE ARC PROCESS Review model for each country in the pool Encourage development of local agricultural micro/meso parametric insurance through technical and financial capacity building Customise countrylevel risk model Monitor season after administering policies and provide end-of-season reports (MDRC) for all countries Underwrite & administer policies, including partial risk. Transfer risk to international reinsurance Rapidly execute operations and enforce transparency and accountability Lobby for premium finance to access sovereign risk insurance Ensure that amounts received by governments and Replica partners are utilised in accordance with a pre-agreed final implementation plan Conduct risk transfer workshops with member states OUR STRATEGY
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