COP27: African facility launched with $14bn to cover climate risks
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
Insurance Insider is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

COP27: African facility launched with $14bn to cover climate risks

africa_map_cop_27_2022.png
Photo: UNFCCC

An international group of insurance and finance firms convened in Kenya has launched the Africa Climate Risk Facility, with a commitment to underwrite $14bn of cover to protect 1.4 billion people against climate disasters by 2030.

The Nairobi Declaration on Sustainable Insurance, which secured more than 85 signatories including insurance firms to provide the cover, launched the facility at the COP27 conference with an aim to scale underwriting for coverage against floods, droughts and tropical...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article