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African Countries Turn to Insurance to Help With Disasters
Posted
December 13, 2024
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December 13, 2024
550
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African countries are buying parametric coverage to help with disaster recovery. But it doesn’t always pay out — and it’s no substitute for climate compensation from the rich world. Africa loses up to 15% of its gross domestic product per capita to climate shocks every year. Bloomberg Senior Reporter Antony Sguazzin joins Jennifer Zabasajja on "Horizons Middle East and Africa" to explain.
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