The Government of the Federal Republic of Germany announced last week, on the margins of the United Nations Climate Change Conference (COP26), the sum of EUR 18million to subsidise the cost of disaster risk insurance for qualifying African Risk Capacity (ARC) Group Member States. In her statement, the Parliamentary State Secretary to the Federal Ministry for Economic Cooperation and Development (BMZ), Dr Maria Flachsbarth, stated that the commitment will help establish a Premium Support Facility for African governments and humanitarian agencies wishing to purchase climate related insurance.