African risk capacity pool, disease control agency launch epidemics insurance policy

Bermuda-based African Risk Capacity Insurance Co. Ltd., the catastrophe insurance pool of the African Risk Capacity agency, and Ethiopia-based Africa Centers for Disease Control and Prevention have launched an outbreak and epidemics insurance policy for African governments, AllAfrica reported citing Business Day Ghana. The ARC has developed a strategic growth plan with requirements such as early warning, insurance, climate adaption finance and contingency planning to match $314 million in premium income from African governments and insure 150 million Africans by 2020, said an official at ARC.

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