WFP has been an Africa Risk Capacity (ARC) Replica Partner since 2018, purchasing insurance policies in several African countries to help protect vulnerable people from climate shocks.
Individuals and communities who contribute the least to the climate crisis are bearing the brunt of its impacts, with limited means to cope. Through pre-arranged financing triggered by pre-identified risk parameters, ARC Replica offers timely humanitarian assistance that can limit the impact of a crisis. This factsheet summarizes Tetra Tech's assessment of the financial and operational efficiency of the ARC Replica initiative, including the impact of early action use of insurance and financing predictability.
