Ngozi Okonjo-Iweala at Cop 23

With DG European Commission, Stefano Manservisi, and DG Policy and Global Issues German Ministry of Economic Cooperation, Ingrid-Gabriella Hoven, at Cop 23 Bonn launching the Insuresilience Global Partnership workshop to support insurance and other financial innovations to manage climate risk.

Through the African Union's African Risk Capacity organization, Africa is a leader in using innovative market-based instruments to manage climate risk.

The ARC helps African countries improve their capacities to better plan, prepare, and respond to extreme weather events and natural disasters through an insurance mechanism thereby protecting their vulnerable populations from the worst consequences of such disasters.

Thanks to Germany, UK, Sweden, France, Switzerland, Canada, USA, WFP and the Rockefeller Foundation for their partnership and support of ARC.