fbpx

Innovative Insurance Policy Purchased To Protect Up To 800,000 People In Zimbabwe From Drought Risk

Innovative Insurance Policy Purchased To Protect Up To 800,000 People In Zimbabwe From Drought Risk

Facebook
Twitter
LinkedIn
Email
Print

HARARE, Zimbabwe, January 11, 2022 -/African Media Agency (AMA)/- A global network of humanitarian agencies has today announced the purchase of an innovative insurance policy in partnership with African Risk Capacity (ARC) and the Government of Zimbabwe. The policy is to protect more than 800,000 people in Zimbabwe from drought risk during the 2021/2022 agricultural season. 

The $2.5 million USD policy purchased by Start Network and provided by African Risk Capacity, is built on parametric insurance. This means it pays out before a crisis, according to pre-agreed scientific triggers, based for example on rainfall data. Unlike the standard humanitarian model, in which aid agencies receive funding only after a crisis has hit, the approach enables governments and their partners to plan for and respond before the worst effects of a drought are felt, thereby saving more lives and livelihoods.

Photo Credit : Ben Mahaka

Start Network members involved in this initiative in Zimbabwe and the potential implementing partners (in the event a pay-out is made) are; Action Aid Zimbabwe, Action Contre La Faim/Action Against Hunger, CAFOD, Catholic Relief Services, GOAL, Plan International, Tearfund, Trocaire and World Vision Zimbabwe (WVZ). Local non-governmental organisations are participating in the planning and will also lead on the response to continue enhancing locally led humanitarian action. These include Zimbabwe Project Trust (ZIMPRO), Evangelical Fellowship of Zimbabwe (EFZ), Family AIDS Counselling Trust (FACT) Zimbabwe, Nutrition Action Zimbabwe (NAZ), Simukai Children Protection and Caritas Bulawayo/Gokwe/Hwange/Masvingo/Mutare.

Photo credit : Phumla Maduma

All planning will happen alongside the Government of Zimbabwe and UN-WFP, who also signed a policy with African Risk Capacity. If the policies pay out, the Government of Zimbabwe, Start Network members, and other development partners and non-governmental organisations will deliver complementary programmes of support to ensure the widest number of the most at-risk are supported.

The Honourable Minister of Finance and Economic Development, Professor Mthuli Ncube, welcomed the support from Start Network. He highlighted how the Government of Zimbabwe continues to promote a shift from reactive response to a proactive approach to managing disaster risks such as droughtHon M. Ncube said, “Parametric insurance delivers timely financial relief before natural disasters strike. After receiving complementary support from UN-WFP as a replica partner in Pools VI and VII, the partnership with Start Network will make Zimbabwe the first ARC Member Country to have two Replica partners for the current Pool VIII. This demonstrates the trust our partners have in Zimbabwe’s disaster risk management approach with the ARC Group.”

Speaking on behalf of the African Risk Capacity Group, Ibrahima Cheikh Diong, Director-General/UN-ASG praised the strong alignment among the partners that made the initiative possible. He said, “The human impacts of natural disasters can only be meaningfully mitigated through smart partnerships harnessing the resources of multiple actors for holistic solutions. We salute the strong leadership of the Government of Zimbabwe in the continued show of confidence in the ARC mechanism. Parametric insurance, such as provided by ARC Limited, remains one of the best risk transfer tools because it ensures a quick mobilisation of relief efforts upon the trigger of a disaster event. We are very optimistic that the rest of the continent will embrace the culture of preparedness and early action as we march in solidarity towards a climate resilient Africa.”

Start Network’s Disaster Risk Finance Coordinator for Zimbabwe/Start Fund Regional Advisor-East and Southern Africa, Nelly Maonde, commenting on the initiative said, “It is time more support goes towards proactive and not only reactive models of humanitarian action. We have seen great success following two years of running a similar programme in Senegal and we anticipate the same success for Zimbabwe. For too long we have seen the consequences of waiting for the risk to turn into a crisis first before we act – this only leads to suffering. By proactively managing disaster risks, more lives can be saved, more livelihood assets can be protected, vulnerable groups can be spared from resorting to negative coping strategies undermining their future potential and resilience.”

World Vision Zimbabwe (WVZ) National Director, Assan Golowa said, “We are happy to host the network coordination in Zimbabwe. As WVZ, we have responded through Start Network many times including the typhoid response under WASH in Bulawayo, urban cash response in Norton and notably during Cyclone Idai, one of our most unprecedented disasters in Zimbabwe. Many other Start Network members in Zimbabwe have been recipients of Start Network funds for various other emergency responses and anticipatory actions, contributing to saving lives and minimising the suffering of Zimbabweans. We look forward to the continued collaboration among the network members and other disaster risk finance initiatives in Zimbabwe”.

Photo Credit : Ben Mahaka

A similar policy was purchased in Senegal for the 2019/2020 growing season and a $10.6 million USD pay-out meant that more than 300,000 people were supported. The new policy signing in Zimbabwe is part of Start Network’s aim to revolutionise the aid sector by catalysing new ways of preparing for crises and thereby helping to create more resilient communities. 

This initiative is funded by Kreditanstalt für Wiederaufbau (KfW) Development Bank on behalf of the German Ministry for Economic Cooperation (BMZ) and the UK’s Foreign, Commonwealth & Development Office (FCDO).

Start Network is comprised of approximately 55 members globally with 20 operating in Zimbabwe. 

Distributed by African Media Agency on behalf of StartNetwork.

 Notes to editors

For further information, contact:

Helen James, Head of Communications & Digital, Start Network +44 (0)7887853071 Helen.James@startnetwork.org | Skype: helenjames.com

Available for interview:

·         Nelly Maonde, DRFCoordinator/Start Fund Regional Advisor-East and Southern Africa | nelly.maonde@startnetwork.org | Skype: cw_nelly.maonde | +263 772881526

·         Ibrahima Cheikh Diong, UN-ASG / GDG African Risk Capacity | chinedu.moghalu@wfp.org  +27833087068

Start Network: www.startnetwork.org | @startnetwork

Start Network is a global network of non-governmental organisations, made up of more than 55 national and international aid agencies from five continents. Its mission is to create a new era of humanitarian action that will save even more lives through innovation, fast funding, early action, and localisation. Start Network believes that pre-emptive climate risk financing could revolutionise the aid sector and catalyse a new way of preparing for crises, helping to create more resilient communities. Visit our website to see a full list of members.

African Risk Capacity: www.africanriskcapacity.org

African Risk Capacity (ARC) Group consists of ARC Agency and ARC Insurance Company Limited (ARC Ltd). ARC Agency was established in 2012 as a specialized agency of the African Union to help Member States improve their capacities to better plan, prepare for and respond to weather-related disasters. ARC Limited is a mutual insurance facility providing risk transfer services to the Member States through risk pooling and access to reinsurance markets. ARC was established on the principle that investing in preparedness and early warning through an innovative financing approach is highly cost-effective and can save upward of four dollars for every dollar invested ex-ante.

With the support of the United Kingdom, Germany, Sweden, Switzerland, Canada, France, the European Union, the Rockefeller Foundation, and the United States, ARC assists AU Member States in reducing the risk of loss and damage caused by extreme weather events affecting Africa’s populations by providing, through sovereign disaster risk insurance, targeted responses to natural disasters in a more timely, cost-effective, objective and transparent manner. ARC is now using its expertise to help tackle some of the other most significant threats faced by the continent, including floods, outbreaks and epidemics.

Since 2014, 62 policies have been signed by Member States for cumulative insurance coverage of $720 million USD for the protection of 72 million vulnerable populations in participating countries.

For more information, please visit: www.africanriskcapacity.org/ Please follow us on social media:

Twitter: @ARCapacity

LinkedIn: https://www.linkedin.com/company/african-risk-capacity/

You might also enjoy

Bybit Launchpad 2.0 to Host DEFY IEO

ROAD TOWN, British Virgin Islands, 5 August 2022 -/African Media Agency(AMA)/- Bybit, the third most visited cryptocurrency exchange in the world, will list

Subscribe To Our Newsletter

Get updates and learn from the best

Conférence de Presse en Ligne


Les frontières terrestres ne doivent pas constituer des obstacles à la dissémination de votre message. Grâce à notre service de conférence de presse en ligne, nous vous offrons l’opportunité de vous rapprocher des médias africains, chaque fois que vous en aurez besoin.

Nos services comprennent:

Digital Communications


Today, social networks constitute an organization’s first point of contact with a user and a potential customer. At first glance, you need to convince of the relevance and quality of your content to stimulate and motivate the user to go further. We create consistently inspiring online strategy to meet business objectives, engage stakeholders and enhance our client brand’s reputation internally and externally.

 

Communication​ digitale


Les réseaux sociaux représentent aujourd’hui le premier point de contact d’une organisation avec un utilisateur et un client potentiel. Au premier coup d’œil, vous devez le convaincre de la pertinence et de la qualité de votre contenu pour l’inciter à aller plus loin. Nous créons pour vous une stratégie de communication précise et adaptée sur les réseaux sociaux pour atteindre les objectifs commerciaux, impliquer les parties prenantes et améliorer la réputation de votre marque en interne et en externe.

Promotion​ d’événements


Le succès d’un événement réside en moitié dans sa promotion. Peu importe la beauté de l’événement, la qualité des orateurs et de l’ordre du jour, si personne ne rapporte ou ne parle de votre événement, vos efforts seront vains. Nous vous aidons à façonner votre récit et à créer un engouement autour de votre événement. De l’annonce de l’événement à la tenue de celui-ci, nous accompagnons votre effort de planification et le reflétons sur toutes les plateformes médiatiques.​

Formation​ Médiatique


Nous fournissons à vos porte-paroles les outils nécessaires pour présenter vos principaux messages et répondre avec confiance et cohérence aux questions. Notre formation est organisée soit à distance ou en présentiel, avec des études de cas réels et des répétitions. Nos clients repartent avec le sentiment d’être à l’aise devant les journalistes et d’agir en tant qu’ambassadeurs de la marque.

Veille​ Médiatique


Nous mesurons votre portée en relations publiques et rendons compte des informations de votre industrie et des activités de vos  concurrents en surveillant la majorité des canaux de diffusion dans toute l’Afrique. Une veille médiatique complète et opportune est essentielle pour s’assurer que vous ne manquez aucune référence à votre marque, que vous êtes constamment informé de ce qui se passe dans votre industrie et que vous êtes prêt à saisir les opportunités et à réduire les risques en temps opportun.

Relations​ Média


Peu importe le lieu où ils se trouvent, nous sommes une source d‘informations fiables pour les journalistes qui écrivent sur l’Afrique. Nous nous connaissons mutuellement et ils nous font confiance, car nous leur fournissons un contenu crédible qui les aide dans leurs tâches. Nous nous entretenons quotidiennement avec des journalistes aux quatre coins du continent, ce qui fait de nous l’un des organismes les plus efficaces pour mener des campagnes de relations avec les médias.

Stratégie et développement de contenu


Nous créons des stratégies de communication intelligentes, bien documentées et spécialisées destinées à vous aider à construire un récit fort qui engagera votre audience. Nous travaillons en synergie avec vous afin de rédiger des communiqués de presse et des articles d’opinions qui alimentent le récit de votre entreprise. Notre équipe a une expérience approfondie dans la création de récits et le développement de contenu multimédia.

DIFFUSION DE COMMUNIQUES​ DE PRESSE​


C’est le service phare d’AMA. Nous avons mis en place des canaux de diffusion des communiqués de presse auprès des journalistes des 54 États africains ainsi qu’auprès des journalistes américains et européens couvrant les sujets relatifs aux marchés émergents.​

​Nos services comprennent:​

Event Promotion


Half of the success of an event lays in its promotion. Doesn’t matter how beautiful the event is, how wonderful the speakers and the agenda are, if no one reports or talks about your event, your efforts are gone. We help you shape the narrative and create a drumbeat around your event. From the announce all the way to the outcome of the event, we accompany your planning effort and echo it through all media platforms

Media Training


We provide your spokespeople with the tools to present your key messages and answer questions with confidence and coherence. Our training is organised either remotely or face-to- face, with real case studies and rehearsals. Our clients leave feeling comfortable being in front of reporters and acting as brand ambassadors.

Media Monitoring


We measure and report on
your PR reach, industry news, and competitive activity by monitoring most channels in North, West, Central, East and Southern Africa. Comprehensive and timely media monitoring is critical to ensuring that you don’t miss any reporting of your brand,
you’re constantly informed on what’s going on around your business, and you’re ready to capitalise on opportunities and mitigate
risks in a timely fashion..

Media Relations


We have become an authoritative source of news for reporters writing about Africa, wherever they are. We know them, they know us, and they trust us for providing them with timely and accurate content that helps them do their job. We speak to reporters on a daily basis in all corners of the continent and this makes us one of the most effective agencies in running media relations campaigns.

Strategy & Content Development


We create smart and localised communications strategies to help build a strong narrative that will engage your audiences. We partner with you to create press releases and thought leadership pieces that sustain a drumbeat for your company’s narrative. Our team have deep experience in shaping narratives and developing media content.

PRESS RELEASE WIRE DISTRIBUTION

This is AMA’s flagship service. We have set up channels of distribution towards the journalists of the 54 African states, as well as to American journalists and European journalists covering emerging markets issues.
Our service includes:

Editorial advice

Localised editorial piece when needed

Distribution to the major print, broadcast and online publications along with industry-specific publications

Follow-up calls to secure interview request

Guaranteed distribution to Africa.com

Distribution to Bloomberg, LexisNexis and Thomson Reuters

Social Media Reach: Facebook, Twitter, LinkedIn, Instagram

Full online monitoring and print monitoring when available. Includesreadership stats and Advertising Value Equivalent

Translation in French, Arabic and Portuguese available