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Africa Launches Risk Pool Insurance Scheme To Address Climatic Disasters

Reuters: Africa assumes onus on disaster relief with catastrophe insurance pool
“…On May 1, Africa launched its first sovereign risk pool insurance scheme, marking a major policy shift in the way climatic events such as droughts, and from next year floods, will be tackled by the world’s poorest continent. The risk pool has the potential to save thousands of lives and billions of dollars, officials say…” (Roelf, 5/15).