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Insurance Against Disaster: How Parametric Insurance Is Helping Communities
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Insurance Against Disaster: How Parametric Insurance Is Helping Communities
When Cyclone Freddy swept through southern Africa in 2023, the physical destruction and loss of life weren’t the only things communities endured. For many, the hardship persisted long after the storm had passed, while communities waited for help to arrive. Weeks passed before companies performed insurance assessments, and by then, local economies and families were struggling to recover. The economy or the clim…
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