The scale of natural disasters in Africa has prompted several organisations to hold a series of training courses on environmental risk insurance and pool their resources to protect vulnerable populations against disasters.
The organisations are the Association of African Insurance Supervisors (AAISA), African Risk Capacity (ARC), the United Nations African Institute for Economic Development and Planning (IDEP) and the International Financial Corporation (IFC).
The environmental risks include drought, floods, irregular precipitation, natural disasters and other effects of climate change.
"By working together, we can achieve better combined results that contribute to the development goals common to the four institutions," said Faheen Allibhoy, IFC country manager for Senegal.
The joint activity takes the form of training workshops, in English and in French, that are held in Dakar and that are attended by representatives of member states of the African Union. The training focuses on determining risk claims, adapting available tools and developing rescue plans.
According to a recent report by the Intergovernmental Panel on Climate Change (IPCC), the foreseeable consequences of climate change in Africa are numerous: “75m to 250m Africans will be exposed to water stress by 2020; there will be a 50% reduction in rainfed yields by 2020, resulting in worsening food insecurity and malnutrition; 5% to 10% of the GDP of African countries risk being devoted to the rescue and adaptation of coastal villages and towns due to rises in the sea level; arid and semi-arid areas will increase by 5% to 8% by 2080".