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Africa Gets First-Ever Natural Disaster Insurance Pool

Several African nations are now better protected from extreme weather events as a result of a new insurance pool.

By Tim Sprinkle | Updated on May 15, 2014

Several African nations – including Kenya, Mauritania, Mozambique, Niger and Senegal to start — are now better protected from extreme weather events as a result of a new African catastrophe insurance pool, launched Thursday by the African Risk Capacity (ARC).

The goal, according to backers, is to reduce African governments’ reliance on external emergency aid in the event of natural disasters.

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