Insuresilience Solutions Fund

Apply for funding

Submit your Concept Note and apply for funding now! The Concept Idea Template version 2.0 is to be sent to The submission deadline for the second Call is 12/07/2019, 11:59 PM. The third call for proposal is expected to start in Q3/2019.

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 total project costs1 in kind and/or as financial contribution, including funds from their own resources and co-financing.2


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 24 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.
  • Relevant experience of implementing partners, reference project exist.

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.
2) Co-financing can be sourced from other public donors, but may not include any resources from funders of the InsuResilience Solutions Fund.

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