Advancing African Risk Capacity in Kenya
African Risk Capacity (ARC) is a specialised agency that follows the vision of: “protect the livelihoods of vulnerable people in Africa against the impact of natural disasters through home-grown, innovative, cost-effective, timely and sustainable solutions.” As a regional, African-owned, and African Union (AU)-led insurance pool, ARC is an essential component of a more comprehensive approach to anticipatory climate risk management. It covers the issues of financial risk management through risk pooling and transfer. Contingency planning is a central part of ARC insurance, and a precondition to purchasing a policy. The specific advantage of an ex-ante mechanism such as this is its fast availability of support; thus, it help avert suffering.