ARC commences pilot insurance for Ebola scheme in Guinea, Uganda - Harbours

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ARC commences pilot insurance for Ebola scheme in Guinea, Uganda


Harboursandport.com: Lagos --- The African Risk Capacity (ARC), a specialized agency of the African Union, has commenced a pilot scheme to develop the sovereign outbreak insurance programme with the Ministries of Health of Guinea and Uganda respectively.

The scheme is for the development of an insurance product to facilitate country-level financial responses to outbreaks of diseases such as Ebola, Lassa fever and meningitis, within the over 50 members of the Union including Nigeria.
Head of Communications for ARC, Mr. Chinedu Moghalu, who spoke to Vanguard Insurance in Abuja, said over 40 countries across Africa are at risk of an outbreak of one or more of the epidemic-prone diseases piloted by ARC.
He said, "ARC will work with African Union countries to optimize outbreak of early warning systems, create pre-established contingency plans for rapid response, and provide access to swift disbursement of financing through parametric insurance. In addition to having access to quick funds, the ARC is strengthening national capacities to respond to public health emergencies.
“When launched as a full product in the fall of 2019 and made available to all African Union countries, the scheme will help strengthen African health systems by contributing to national capacities in risk profiling and contingency/response planning, and ensuring that slow and unpredictable funding does not continue to prevent African countries and partners from adequately responding to outbreaks and epidemics.”

From Vanguard Newspaper

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