As reported by Bloomberg, Floodbase has been awarded a grant through the U.S. Agency for International Development (USAID) as part of the President's Emergency Plan for Adaptation and Resilience (PREPARE) to launch parametric flood insurance programs in Mozambique and Malawi, with support from African Risk Capacity Limited (ARC Ltd.) and Global Parametrics.
Tower has announced the launch of Cyclone Response Cover, offering peace of mind and extra financial security to the people of Samoa this cyclone season.Cyclone Response Cover provides a rapid cash pay-out when a customer is impacted by a high wind speed cyclone event, regardless of damage and wi.