59 Member states now have a powerful financial tool to strengthen climate adaptation and resilience. Timely payouts can be channelled into early relief like cash transfers, safeguarding livelihoods and preventing asset stripping. The insurance can also fund repairs to infrastructure to enable faster recovery. Diversification remains a focus for ARC Ltd., and the flood risk product further expands the company’s suite of solutions aimed at the most prevalent disasters in Africa. ARC Ltd. continues to work with member states to pilot alternative products or customise products in-country. ...AccordingtotheWorldMeteorologicalAssociation, over the last 50 years, more than 20 000 lives were lost, and millions of people displaced. CASE STUDY : SENEGAL
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