Start Network receives $727K ARC Replica insurance payout for drought relief in Somalia

Start Network has received a significant insurance payout of $727,855 through the African Risk Capacity (ARC) Replica programme.

This crucial funding will enable rapid cash transfers to 10,500 households in Somalia grappling with the devastating effects of drought.

The ARC Replica program is a partnership between ARC and humanitarian organisations like Start Network and the World Food Programme (WFP).

Its proactive approach allows its partners to purchase replica insurance policies, expanding climate risk insurance coverage and enabling faster, more effective humanitarian response in vulnerable African countries.

The timely release of funds underscores the critical role of early assistance in protecting vulnerable populations. Its predictable funding strengthens climate resilience, allowing communities to better prepare for and cope with recurring climate shocks.

Additionally, the success of this initiative also highlights the strong coordination among stakeholders in Somalia, working together to mitigate the effects of droughts early.

Anna Farina, Head of Crisis Anticipation & Risk Financing at Start Network, stated: “This payout exemplifies how disaster risk financing enables early action, mitigating the devastating effects of drought.”

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