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African Risk Capacity

Insurance · South Africa · 66 Employees

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About

Headquarters

13 Fredman Dr, Sandton, 2196, South Africa

Revenue

$7.6 Million

Industry

Insurance

Who is African Risk Capacity

African Risk Capacity (ARC) consists of ARC Group and ARC Insurance Company Limited (ARC Ltd). ARC Group was established in 2012 as a Specialized Group of the African Union to help Member States improve their capacities to better plan, prepare and respond to weather-related disasters. ARC Ltd is a mutual insurance facility providing risk transfer services to Member States through risk pooling and access to reinsurance markets. ARC was established on the principle that investing in preparedness and early warning through an innovative financing approach is highly cost-effective and can save upward of four dollars for every dollar invested ex ante. With the support of the United Kingdom, Germany, Sweden, Switzerland, Canada, France, The Rockefeller Foundation and the United States, ARC assists AU Member States in reducing the risk of loss and damage caused by extreme weather events affecting Africa's populations by providing, through sovereign disaster risk insurance, targeted responses to natural disasters in a more timely, cost-effective, objective and transparent manner. ARC is now using its expertise to help tackle some of the other greatest threats faced by the continent, including outbreaks and epidemics. Since 2014, 62 policies have been signed by Member States with US$101.7 million paid in premiums for a cumulative insurance coverage of US$722 million for the protection of 72 million vulnerable population in participating countries.Read more

African Risk Capacity's Social MediaPopular SearchesAfrican Risk Capacity LtdAfrican Risk CapacityAfrican Risk Capacity (ARC)African Risk Capacity - - ARCAfrican Risk Capacity Insurance LtdSIC Code 64,641NAICS Code 52,524Show more

African Risk Capacity Org Chart

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Barney Hydock
Barney Hydock

Chief Financial Officer

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Ange Chitate

Chief Operating Officer

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African Risk Capacity Tech Stack

A closer look at the technologies used by African Risk Capacity

African Risk Capacity News & Media

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Frequently Asked Questions regarding African Risk Capacity

Where is African Risk Capacity located?
African Risk Capacity's headquarters are located at 13 Fredman Dr, Sandton, 2196, South Africa
What is African Risk Capacity's official website?
African Risk Capacity's official website is www.africanriskcapacity.org
What is African Risk Capacity's Revenue?
African Risk Capacity's revenue is $7.6 Million
What is African Risk Capacity's SIC code?
African Risk Capacity's SIC: 64,641
What is African Risk Capacity's NAICS code?
African Risk Capacity's NAICS: 52,524
How many employees does African Risk Capacity have?
African Risk Capacity has 66 employees
What industry does African Risk Capacity belong to?
African Risk Capacity is in the industry of: Insurance
What technology does African Risk Capacity use?
Some of the popular technologies that African Risk Capacity uses are: YouTube, Drupal, Microsoft Word, nginx
Who is the CFO of African Risk Capacity?
African Risk Capacity's CFO is Barney Hydock
What does African Risk Capacity do?

African Risk Capacity (ARC) consists of ARC Group and ARC Insurance Company Limited (ARC Ltd). ARC Group was established in 2012 as a Specialized Group of the African Union to help Member States improve their capacities to better plan, prepare and respond to weather-related disasters. ARC Ltd is a mutual insurance facility providing risk transfer s... ervices to Member States through risk pooling and access to reinsurance markets. ARC was established on the principle that investing in preparedness and early warning through an innovative financing approach is highly cost-effective and can save upward of four dollars for every dollar invested ex ante. With the support of the United Kingdom, Germany, Sweden, Switzerland, Canada, France, The Rockefeller Foundation and the United States, ARC assists AU Member States in reducing the risk of loss and damage caused by extreme weather events affecting Africa's populations by providing, through sovereign disaster risk insurance, targeted responses to natural disasters in a more timely, cost-effective, objective and transparent manner. ARC is now using its expertise to help tackle some of the other greatest threats faced by the continent, including outbreaks and epidemics. Since 2014, 62 policies have been signed by Member States with US$101.7 million paid in premiums for a cumulative insurance coverage of US$722 million for the protection of 72 million vulnerable population in participating countries.Read More

What are African Risk Capacity social media links?
African Risk Capacity Linkedin page African Risk Capacity Twitter page
Is African Risk Capacity a public company?
African Risk Capacity is private company therefore does not currently have an official ticker symbol
See more information about African Risk Capacity

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