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ARC launches parametric insurance for epidemic risks


South Africa-based insurer African Risk Capacity Ltd. has launched its first parametric insurance for epidemic risks that will be backed by reinsurer Munich Reinsurance Co., Artemis reported. The parametric product is designed to provide coverage to African Union member states against high-impact infectious disease outbreaks such as meningitis, Ebola and Marburg diseases. Initially, the new parametric insurance will cover Senegal.


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