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Impact of parametric insurance on Africa's climate resilience.

Parametric Insurance: An Effective Tool In Helping Africa Fight Climate Change

Africa loses as much as 15% of its gross domestic product per capita, every year, due to the impact of climate change. The socio-economic and environmental damage of drought, floods and cyclones further devastates a population where almost half live in extreme poverty (United Nations 2021). With weather shocks increasing, African countries’ climate financing is […]

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