ARC Replica Pay-Out 2019
Although drought can be predicted months in advance, humanitarian assistance is often delayed – because it takes time to raise funds after the crisis has happened. When drought hit Senegal in 2020, this wasn’t the case – because of the insurance policy we bought in 2019, which paid out before the worst effects were felt. Our payout, worth $10.6 million, combined with an additional contingency fund release of $375,000 meant we could reach 335,000 people with timely assistance, helping them to prepare before it was too late.