According to the Africa Insurance Pulse, produced by Zurich-based Faber Consulting, Africa is particularly vulnerable to the effects of climate change due to low adaptive capacity and widespread poverty.
Yet, by working with policymakers, the sector can help to mitigate and protect Africa from the consequences of climate change while creating new opportunities for the insurance industry.
Jean Baptiste Ntukamazina, Secretary General of the Africa Insurance Organisation, said: “Through analysis, underwriting, investment and advice, our sector is helping to understand the complexities of climate change, working with policymakers to reduce its impact and create new opportunities, particularly in the renewable energy sector.”
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