Pikine Launches Parametric Flood Insurance to Boost Climate Resilience
Pikine Senegal second-largest city with a population of 874,000 is taking a bold step toward climate resilience with the launch of a new index-based flood insurance scheme aimed at protecting its most vulnerable communities from the increasing threat of seasonal flooding.
Located near the Senegal River estuary and composed of 12 densely populated communes, Pikine is highly exposed to flood risks especially during the rainy season from August to December. The city’s flood vulnerability has worsened due to a combination of deteriorating vegetation cover, failing drainage systems, and a rising groundwater table linked to decreased water extraction from the Thiaroye aquifer.
To address this growing crisis, the InsuResilience Solutions Fund (ISF) has partnered with an international co...