Support innovative concepts to strengthen climate resilience
Given the highly innovative nature of climate risk insurance, we offer funding for studies and provide advice for the development of new concepts for climate risk insurance solutions considering the specific needs of the poor and vulnerable population.
Developing Climate Risk Insurance Concepts
The lack of data and uncertainty about the regulatory and legal framework are some of the major obstacles for the development of innovative climate risk insurance products in developing countries. With our support, market barriers can be identified and further assessed in order to develop appropriate strategies and provide the basis for new climate risk insurance approaches.
In case Concept Notes submitted under a Call for Proposal are declined for co-funding but offer considerable potential for further development, we offer feasibility studies or advisory services to the respective partnerships. The additional analysis and assessment supported by ISF help to further enhance the concepts for needs-based climate risk insurance products. The advice in the concept development seeks to support the application of partnerships for co-funding under a subsequent Call for Proposal.
Feasibility study on climate resilient cities in Colombia
Feasibility study on agricultural insurance in South Africa
Concept development for improvement of national natural disaster insurance scheme in Sri Lanka
Feasibility study on reef insurance in the Mesoamerican Reef Region
Mesoamerican Reef (Honduras, Belize, Guatemala, Mexico)
Willis Towers Watson, MAR Fund
Feasibility study on communal disaster risk insurance solution in Honduras
Global Communities, Willis Towers Watson
Feasibility study on insurance for public schools in Peru
Munich Re, APESEG, AXA XL, Picsure
Concept development for insurance solution against flood/heavy rainfall in Nagaland / India
Feasibility study to improve India’s crop insurance PMFBY
Endeva UG, Earth Analytics India, Precision Agriculture for Development
Feasibility study for an index-based insurance for smallholder farmers in Togo
Lorica, eLEAF BV
Feasibility study for parametric typhoon insurance in the Philippines
CelsiusPro, MAA General Assurance Philippines