The 6th Call for Proposals will be launched in late Q3/early Q4 in 2021.
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You are planning to develop a climate risk insurance project and look for financial support?
Apply for ISF co-funding of product development costs.
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
- 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).
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 email@example.com.
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.