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The Role of Insurance in Mitigating the Impact of Climate Change in Africa

Coronation Life Assurance

10 Nov 2022 ยท Thought Leadership Articles

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Africa is particularly vulnerable to climate risks. The continent's exposure to drought, flooding, excessive heat, and tropical cyclones means 30 of the world's most climate-vulnerable nations are in Sub-Saharan Africa.

Moreover, given that 60% of Africa's population works in agriculture, and that agriculture contributes to 16% of the continent's GDP, the sector's disproportionate exposure to climate risk compounds threats to the continents economies and the livelihoods of it's people.

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