Event: 2016 Forum of the Standing Committee on Finance Contingency Finance 05 September 2016 Author / Speaker Tuga Alaskary African Risk Capacity (ARC) is a specialised agency of the African Union that provides index-based drought insurance. It is working to offer cyclone and flood insurance soon. Through its unique structure, ARC bring together three critical elements to create a powerful value proposition for it participants and their partners: early warning, response, and insurance. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Topics Climate Change Disaster Risk Management