The Congo Insurance Regulation and Control Authority participated in the launch of a disaster risk financing diagnostic initiated by the government and the World Bank at the Forum on Financing Resilience in the Democratic Republic of the Congo. The diagnostic highlights the scale of disasters in the country and points to the need for pre-arranged financing mechanisms to improve the State’s ability to respond, while placing insurance and microinsurance within the broader resilience framework. According to the authority’s Director General, Alain Kaninda, the focus is on strengthening resilience to natural disasters through compensation for direct material damage, protection of citizens’ assets, financial market stability, and development of insurance products suited to local needs through microinsurance. Against a backdrop of rising floods and other climate risks, the update presents insurance as a tool to prevent business failure and household ruin, and links ARCA’s microinsurance work to reduced reliance on post-disaster budget support from the State.
Congo Insurance Regulation and Control Authority 2026-05-04
Congo Insurance Regulation and Control Authority joins launch of disaster risk financing diagnostic focused on pre arranged funding and microinsurance
The Congo Insurance Regulation and Control Authority joined the launch of a World Bank–supported disaster risk financing diagnostic at the Forum on Financing Resilience in the Democratic Republic of the Congo, underscoring the need for pre-arranged financing and positioning insurance and microinsurance within a broader resilience framework. Director General Alain Kaninda highlighted priorities including compensation for material damage, protection of citizens’ assets, financial market stability, and development of locally adapted microinsurance products to address rising climate risks and reduce reliance on post-disaster budget support.