Rising Climate Risks Force Fresh Look At Insurability

Africa insures only 3 to 5% of disaster losses, compared with about 40% globally, leaving governments to absorb more than 90%=of losses estimated at $7 to $15 billion, experts at the inaugural two-day CDRFI Africa Forum, said. Themed “Increasing Insurability to Close the Protection Gap in Africa,” the summit majorly focused on financing resilient strategic […]