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African Risk Capacity develops COVID-19 insurance tools

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Coronavirus

South Africa-based insurer African Risk Capacity and the Africa Centres for Disease Control and Prevention are working on two insurance models for the COVID-19 pandemic-related risks, Middle East Insurance Review reported. An official said that these tools, COVID-19 Potential Outcomes Scenarios and COVID-19 Spread Simulation Tool for Africa, will enable data collection and pave the way for ARC to possibly launch a pan-African insurance cover.

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