Lessons learned: Implementation of a sovereign risk management and insurance mechanism

This report shares some of the main lessons learned by the African Risk Capacity over the course of its establishment and operations over the years. This is both at an institutional level in terms of its governance and operations and including in its engagement with its Member States through its risk management capacity building programme, structuring of insurance contracts and implementation of payouts and monitoring and evaluation initiatives.

These lessons and experiences have been critical in defining how ARC, as a continental and sovereign level mechanism, has sought to improve its operations and administration over time and in line with the broader transformative vision of the African Union. Though not exhaustive, the lessons outlined in this document provide critical insights into the operations of the ARC mechanism, its contextual strengths, weaknesses, successes and challenges, and the structures and initiatives being established to inform its continuous improvement.