ADRiFi Premium Financing

Published by Disaster Risk Financing on

ADRiFi Premium Financing

The African Disaster Risk Financing Programme(ADRiFi) supports eligible countries to access risk transfer services through premium support for parametric weather insurance offered by African Risk Capacity. Between 2019 and 2023, ADRiFi will support premium financing: until the 4th year of participation, a country will receive premium support of up to 50% of the country’s annual premium, and from the 5th year onward, countries will be in a better position to fully finance their premiums from their national budgets and maintain sustained domestic resource allocation for insurance premium. ARC insurance allows for pay-outs being disbursed automatically when pre-defined risk thresholds are exceeded.

Instrument type

Premium financing

Eligibility

All AfDB Regional Member Countries that are ARC Member States and signatory to the African Risk Capacity Establishment Treaty.

Intended for disaster response

Yes

Available to

Botswana, Cameroon, Ghana, Kenya, Kingdom of eSwatini, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, Seychelles, Sierra Leone, South Africa, The Gambia, Uganda, United Republic of Tanzania, and Zambia

Contact

For further information, please contact:

Cecil Nartey (c.nartey@afdb.org) or Ruvimbo Muchenje (ruvimbo.muchenje@africanriskcapacity.org)
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