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.
Coverage
Instrument type
Eligibility
All AfDB Regional Member Countries that are ARC Member States and signatory to the African Risk Capacity Establishment Treaty.
Intended for disaster response
Available to
Contact
For further information, please contact: