Insuresilience Solutions Fund

Applying for funding

Since May 2018, the InsuResilience Solutions Fund (ISF) has started its operational activities accepting Expression of Interests.

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.

Target Markets and Groups

  • Poor and vulnerable households (< 15 USD PPP per day).
  • Countries which are eligible to receive official development assistance (ODA) as defined by the OECD/DAC and are vulnerable to extreme weather events.

Terms of funding

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.


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.


Core eligibility criteria:

  • Perils: floods, wind / storm, excess rain / drought, heat waves / cold spells (possibly in combination with other natural hazards).
  • Focus on poor and vulnerable households (< USD 15 PPP per day) either directly (through micro-level solutions) or indirectly (through meso- or macro-level solutions).
  • The product is ready for market placement and launch within 36 months after funding approval.
  • A risk-taking partner who is generally willing to underwrite the risk covered by the developed product is part of the partnership.
  • A business plan exists for the development phase containing reliable cost estimations and a time and working plan.
  • The partnership provides an own contribution of 50% of the total development costs in the form of a financial contribution, staff or other quantifiable inputs

What ISF does not fund

  • Early stage development projects e.g. research ideas
  • Projects without a focus on the above-mentioned target group
  • Likely unsustainable projects, e.g. relying on long-term subsidization
  • Financially-unstable and unexperienced product partners
  • Projects with a questionable demand

Examples for eligible development costs for funding:

  • Development of new risk / hazard models
  • Technical product design incl. actuarial risk characteristics
  • Data collection and equipment
  • Policy terms and pricing
  • Legal costs, e.g. for the identification of a suitable implementation structure
  • Sales and distribution channel development
  • New technologies for product improvement and scale up

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