Insuresilience Solutions Fund
Transforming concepts into products Improving resilience to climate change
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About ISF

Support of the development of climate risk insurance products

The ISF supports the development of innovative and sustainable climate risk insurance products in developing and emerging countries to improve the resilience against extreme weather events of those living on less than 15 USD Purchasing Power Parity a day.

The ISF provides partial grant funding and advice

  • to transform new climate risk insurance concepts into products which are ready for market placement and
  • to bring successfully piloted climate risk insurance products to scale.

Latest News & Upcoming Events

COP24 - United Nations Climate Change Conference

Katowice, Poland

The 24th conference of the parties to the United Nations Framework Convention on Climate Change will take place in Katowice, Poland.

ISF at the annual IIS Global Insurance Forum on the 11th of July 2018

Location: Berlin, Germany

Please take not of a joint event on INSURANCE FOR DEVELOPMENT AND RESILIENCE in cooperation with the International Insurance Sociatey (IIS), the Insurance Development Forum (IDF) and the InsuResilience Global…

Innovate4Climate

Location: Frankfurt, Germany

We are pleased to announce our workshop at Innovate4Climate entitled “Innovative Insurance Solutions for Climate Risk Finance within the InsuResilience Global Partnership” organized by the InsuResilience Secretariat and KfW…

Partnerships

Catalysing Partnership and Collaboration

The ISF will only provide financing to partnerships which consist of at least

  • a user, representing the demand-side (e.g. national or regional government bodies, NGOs, local insurers) and
  • an implementing partner and potential risk taker, representing the supply-side (e.g. reinsurance company).

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

Additionally, the ISF catalyses future partnerships and collaborations through an online platform.

Focus areas and terms of funding

ISF has three focus areas:
  1. Development of new climate risk insurance products, especially for governments.
  2. Scale-up of already existing, piloted products, e.g. into other regions or to other groups.
  3. Investment in technological solutions to improve and scale-up insurance operations, e.g. through applying satellite technology or drones.

ISF provides grants up to 2.5m EUR under the condition that the partnership commits a meaningful own contribution of 50% of the requested funding1 in kind and/or as financial contribution.

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1 Lower rates may apply if state organizations/ public entities or none profit organizations provide the most part of the contribution.