Overview

Climate change is putting development gains at risk in Africa. Extreme weather events and rising temperatures threaten food and water security, economic activity, and the health and safety of people and ecosystems.

Africa is the least financially resilient continent, with insurance penetration half the global average. Without adequate financial protection, funds that could be used for sustainable development must be channelled into emergency response. Integrating insurance and risk finance into development is critical to building resilience against rising risk and creating a sustainable future.

UNDP is working with government and industry in Africa to forward innovative insurance solutions and integrate risk transfer into policy frameworks. Our initiatives build institutional capacity, develop enabling environments for insurance and risk management, and ensure financial protection for vulnerable groups.