Insurance

In 2012, African governments set up “African Risk Capacity” (ARC), an insurance approach that comes into play in extreme weather events and then makes funds swiftly available. Both individual countries and donors such as Germany and private insurance companies are involved in the project. To date, KfW has provided a total of USD 90 million in equity on a trust basis under mandate by the Federal Ministry for Economic Cooperation and Development (BMZ). One of the special things about ARC is that each government develops a contingency plan in advance that determines, how the funds will be used if needed.

At the end of 2016, ARC was enhanced to include what is known as replica coverage. It allows aid organisations to match the insurance coverage that a country purchases from ARC using its own funds.

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Find out more in an interview with Joanna Syroka, Director of Research and Development at African Risk Capacity (ARC)

Thousands of women in Tanzania are benefitting from a mother and child health insurance policy aimed at destitute pregnant women. The 450,000th woman was admitted to the insurance programme in 2016, enabling her to give birth to her child in a health centre or hospital. KfW Development Bank is currently providing the programme with a contribution of EUR 13 million on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ).

Find out more: project information  (PDF, 213 KB, non-accessible)

Find out more: News

The biggest individual poverty risk in Pakistan is illness. This is because most people are not insured and have to pay for visits to the doctor and medication out of their own pockets. In order to alleviate this explosive social problem, the Pakistani government has decided to set up a health insurance system. KfW is using funds of the Federal Ministry for Economic Cooperation and Development (“BMZ”) worth EUR 10 million to support the programme.