The African and Asian Resilience in Disaster Insurance Scheme (ARDIS) was launched on 18 January in order to help African and Asian farmers affected by climate disasters.
The scheme will target up to 4mn people, particularly focusing on women and their families, in areas of drought such as Kenya, Malawi, Mali, Zambia, and Cambodia.
VisionFund International, the microfinance subsidiary of the World Vision charity, and Global Parametrics, a venture supported by the British and German governments are leading the scheme.
“African and Asian countries are highly vulnerable to the effects of climate change and natural catastrophes,” stated Stefan Hirche, Board Chairman of InsuResilience Investment Fund, a financer of the insurance project. Read more