Browsing: resilient infrastructure and insurance coverage for urban areas

• Last year, about 90 percent of climate change-related disaster losses in Africa were not insured.
• Global insurance broker Gallagher Re says affordability of premiums, quality of data, and technical capacity is hindering insurance uptake.
• DRC has appointed Gallagher Re to find ways to enhance the country’s  insurance penetration rate in mining industry.

Climate change has led to an increase in the frequency and intensity of extreme weather events such as droughts, and floods in many parts of Africa. These extreme weather events are resulting in significant damage to property, infrastructure, and livelihoods.

Flooding induced by climate change

Last year, for instance, at least 2,000 people died in Africa as a result of unprecedented flooding, which was partly induced by climate change. South Africa (Durban) and Nigeria were particularly hit hard following above-average rains in the year under focus.

Storm Issa, which is now regarded as one of the greatest storms …