This policy note is a preliminary effortto present a body of knowledge on the state of disaster riskfinancing and insurance in Sub-Saharan Africa. It aims tocontribute to a strengthened understanding and collectiveknowledge within Sub-Saharan Africa on disaster riskfinancing and insurance, and to encourage open dialoguebetween stakeholders on how strategies can best be developedto increase financial resilience against natural disasters.The report is targeted at policy-makers and actors in theinternational community with an interest in this agenda. Inthe context of this report, disaster risk financing andinsurance refers to instruments and mechanisms at the macro,market and micro level that provide financial resources toassist with response and recovery efforts in the aftermathof a disaster. This report focuses on natural disasters,which we can describe as unforeseen events driven by naturalphenomena that cause serious disruption of the functioningof a community or a society causing widespread human,material, economic and/or environmental losses whichoverwhelm the capacity of the affected community or society.This report discusses rapid onset disasters such ascyclones, earthquakes and floods but also slow onset eventssuch as drought. Sub-Saharan African countries are highlyexposed to a wide range of adverse natural events, withhydro-meteorological hazards impacting the largest number ofpeople. Disaster risk financing and insurance (DRFI) hasbeen highlighted by the African union, regional economiccommunities and individual countries as an area for regionalfinancial cooperation.
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