DOCUMENT TAGS Insurance
ARC Replica Payout Process Evaluation
26 May 2021
In July 2019, Start Network and the Government of Senegal each purchased an insurance policy against drought through African Risk Capacity Ltd. When the pre-agreed triggers were met in November 2019, a payout of US $12.5m was made to the Government of Senegal and another US $10.6m was paid to Start Network for early humanitarian action. Six Start Network members then worked alongside the Government of Senegal to deliver assistance throughout 2020 to Senegalese families ahead of a severe large-scale drought.
African Risk Capacity commissioned Kimetrica to conduct an independent process evaluation to assess the efficiency and effectiveness of these activities. Findings from the evaluation provide lessons learned for implementers and for ARC to continuously improve ARC’s methods, instruments, and guidelines.