The government of Lagos State in Nigeria has adopted an innovative parametric insurance designed to cover risks related to flooding. Developed by the Insurance Development Forum (IDF), this solution aims to ensure quick compensation for affected populations and businesses, while facilitating the reconstruction of disaster-stricken areas. This mechanism was created through a tripartite partnership involving…...
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Lagos innovates with a parametric insurance capable of unlocking 7.5 million USD in case of flooding
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