Insurance for Drought - Pay day for vulnerable communities in Senegal

Based on a pre-agreed trigger reached in September 2019, the African Risk Capacity (ARC) Replica parametric insurance payout was the largest funding allocation for civil society to date, with the START Network receiving USD 10 million, and the Government of Senegal receiving USD 13 million for communities vulnerable to drought. ARC brings together drought modelling software and prepositioned financing through parametric insurance. Funds were transferred in advance of the peak of the crisis, with support being disbursed in April 2020. Support ranged from disbursement of cash and food distributions, awareness raising activities and COVID-19 related activities, reaching over 335,000 people.