Insuresilience Solutions Fund

News & Events

Bringing Climate Risk Insurance forward – the 2nd InsuResilience Global Partnership Forum at the COP24

Kattowice, Poland

On December 10th, KfW participated at the 2nd InsuResilience Global Partnership Forum “Paving the way to effective risk financing solutions”. The Forum is the annual meeting of the InsuResilience Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions (IGP).

This year´s Forum took place at the margins of the UN Climate Conference (COP 24) in Katowice. The partnership counts more than 60 members, which convene annually to exchange experiences, share knowledge and raise awareness about disaster risk finance and insurance. In five different sessions, approaches to promote climate and disaster risk finance and insurance solutions in Pakistan, Colombia, Sri Lanka, Zambia and West Africa were discussed, including climate risk insurance concepts linked to KfW.
Both, the Sri Lanka and the Colombia session, debated insurance concepts which seek financial support from KfW’s InsuResilience Solutions Fund (ISF).
As the ISF is continuously evolving, we thank all the participants for fruitful and lively discussions.

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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.

With the 24th conference of the parties to the United Nations Framework Convention on Climate Change (COP24) only days ahead, we are pleased to announce that the ISF will be part of this event. Within two breakout sessions of the InsuResilience Global Partnership Forum, concepts will be presented seeking co-financing from the ISF. Furthermore, the advantage of building public-private-partnerships to help the poor and vulnerable to better manage increasing climate risks will be explored.

For further information on COP24, visit the website.
For further information on the Global Partnership Forum, follow this link.

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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 Partnership during the annual IIS Global Insurance Forum the 11th of July 2018 which will be devoted to insurance and development themes involving public, private, NGO and academic communities from developed and developing countries. A key objective is to showcase early success and illustrate how visionary cooperation across sectoral, international, regional and national schemes will pave the way towards a resilient future.

The InsuResilience Secretariat is delighted to invite you to the Global Insurance Forum, hosted by the IIS and The Institutes, with a full day dedicated to Insurance for Global Development & Resilience in collaboration with InsuResilience Global Partnership and the Insurance Development Forum (IDF).

The third day of the annual IIS Global Insurance Forum, Wednesday 11 July, will be devoted to the role and potential of climate and disaster risk finance and insurance to build resilience in developed and developing countries as a contribution to economic and social prosperity, including sessions focusing on climate risk resilience for the poor and most vulnerable. An agenda can be viewed here

The open session will feature keynote addresses from Joaquim Levy, Managing Director and World Bank Group Chief Financial Officer and Denis Duverne, Chairman of the Board of Directors of AXA alongside senior global leaders in a series of high-level panel discussions, and practical working sessions. The day will present an array of innovative risk finance and insurance solutions on how visionary cooperation across sectoral, international, regional and national schemes will pave the way towards a resilient future.

www.insuresilience.org/

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Launch Event of the InsuResilience Solutions Fund

Location: Berlin, Germany


Mandated by the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW has set up a new facility to support the development of innovative climate risk insurance products and insurance markets in developing countries - the InsuResilience Solutions Fund. The fund will support the development of new climate risk insurance products for governments, humanitarian organizations, small and medium sized enterprises as well as private households by providing partial grant-funding and expertise for product development.

The InsuResilience Solutions Fund is an important contribution of KfW to achieve the target of the international initiative on climate risk insurance ’InsuResilience’ aiming at increasing the number of the most vulnerable developing countries who have access to climate risk insurance coverage by up to 400 million between 2015 and 2020.

High level representatives from our partner countries, Global Parametrics, Save the Children, Vision Fund International and Welthungerhilfe will discuss how to further develop climate risk insurance products most suitable to support the poor and vulnerable.

www.insuresilience-solutions-fund.org

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Annual Meetings of the World Bank and the International Monetary Fund

Location: Washington DC, US

The Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial system. This year's events will take place in Washington, DC, October 9-15, 2017.

www.imf.org/external/am/2017/index.htm

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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.