By integrating areas with irregular rainfall into subsidy systems, Morocco has successfully reduced the financial burden on farmers and enhanced their resilience.
During the Africa Financial Summit (AFIS), experts discussed the role of insurance in addressing climate risks. They emphasized the need for a harmonized regulatory framework to strengthen climate risk management at the regional level.
The summit highlighted the potential of digital solutions to expand access to climate insurance and improve risk assessment. By leveraging technology, insurers can better understand and manage climate-related risks, empowering individuals and businesses to build resilience.
As Africa continues to face the challenges of climate change, innovative approaches like risk pooling and digital solutions will be crucial in safeguarding the continent’s future.
SL/Sf/ac/fss/abj/APA