The case for catastrophe bonds in Southern Africa

The flooding in KwaZulu-Natal in April of 2022 is largely regarded as the most severe flooding event in the province and potentially the country. Although much needs to be done to improve infrastructure within urban areas, especially drainage systems, the extreme volumes of rain from a cyclone cannot simply be managed.

The frequency and intensity of cyclones across Southern Africa may be increasing, and with the impact of flooding not only taking lives, but damaging infrastructure and livelihoods, the potential support provided through catastrophe bonds may need to be considered.

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