Climate insurance product for protection of Togolese townships against floods launched - EnviroNews - latest environment news, climate change, renewable energy

Climate insurance product for protection of Togolese townships against floods launched - EnviroNews - latest environment news, climate change, renewable energy

Kloto 1, Golfe 1 and Golfe 7 communes in Togo have officially signed a pioneering insurance policy aimed at reinforcing their resilience against flooding. This parametric insurance project, designed to provide rapid compensation in case of extreme rainfall, marks a significant step forward in climate risk management in the West African nation. Togo’s Minister of Environment and Forest Resources, Katari Foli-Bazi. Photo credit: Site officiel du …

In Togo, the municipalities of Kloto 1, Gulf 1 and Gulf 7 have officially subscribed to a pioneering insurance policy aimed at strengthening their resilience in the face of floods. This parametric insurance project, designed to offer rapid compensation in the event of extreme rainfall, represents a significant step forward in the management of climate risks in the region.