The 5th Call for Proposals is open now until Friday, 16 April 2021, 23:59 CET.

You are planning to develop a climate risk insurance project and look for financial support?
Apply now for ISF co-funding of product development costs.

The ISF will host two Q&A sessions for potential applicants in preparation for submitting Concept Notes for the 5th Call for Proposals on Thursday, 18 March 2021, 3-5pm CET, and Friday, 19 March 2021, 10am-12pm CET.
We welcome everyone to participate, and kindly ask interested parties to use the following links to either register for the session on Thursday, 18, or Friday, 19 March.
The sessions will cover three topics: The mandate of the ISF, the eligibility and funding criteria, and the application process and estimated timeline. Each topic will be followed by a Q&A.
If you wish for your questions to addressed in the Q&As, please submit them prior to the session via info@insuresilience-solutions-fund.org.

In light of the ongoing pandemic, holistic approaches on disaster relief and preparedness are more vital than ever. Therefore, the ISF especially welcomes concepts for insurance products for target groups highly affected by the pandemic, e.g.

• governments and communities
• (M)SMEs
• poor and vulnerable households

in order to prove additional funding for measures such as

• emergency relief
• business interruption
• food security
• public buildings and critical infrastructure

mitigating the effects of compounded risks due to climate change such as flood, wind/storm, excess rain, drought/heat waves, cold spells (in combination with other perils).

Please download the mandatory Concept Note template, and submit your project concept to the ISF via info@insuresilience-solutions-fund.org.

All documents relevant for the application process and further guiding documents are published here.

For any questions, please do not hesitate to contact us via info@insuresilience-solutions-fund.org.

Terms of funding

The ISF provides grant-based co-funding of up to 2.5m EUR only to Partnerships consisting of public and/ or private organisations

1) which want to

• develop new climate risk insurance products, especially for governments or
• scale-up already existing products, e.g. into other regions or to other groups

in order to
increase the resilience of poor and vulnerable people in developing countries to climate change

2) where at least one partner is

• representing the demand and needs of end-beneficiaries (e.g. national or regional government bodies, NGOs, local insurers)
• willing to act as a risk taker (e.g. reinsurance company)
• located in the target country

3) which provide an own contribution

• matching the grant funding (in-kind and/or as financial contribution, including funds from their own resources and co-financing²)

Further parties, e.g. other product implementing partners such as risk modelling agencies, insurers, brokers, can additionally be involved.

In case of applying, please bear in mind that the grant-based co-funding of up to 2.5m EUR does not include your own contribution.
Hence, the formula is as follows: ISF grant + own contribution = total project costs.

If you require more information on the criteria to receive financial support by ISF, please refer to the Funding Criteria.

If you require more information on cost items eiligible for grant-based funding, please refer to the Eligible & Ineligible Measures.

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1) Lower rates may apply if state organisations/ public entities or none profit organisations provide the most part of the contribution.
2) Co-financing can be sourced from other public donors, but may not include any resources from funders of the InsuResilience Solutions Fund.