Insuresilience Solutions Fund

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.

Our Projects

project

Feasibility study on climate resilient cities in Colombia

partner:

Global Communities


project

Feasibility study on agricultural insurance in South Africa

partner:

CelsiusPro


project

Concept development for improvement of national natural disaster insurance scheme in Sri Lanka

partner:

External consultant


project

Feasibility study on reef insurance in the Mesoamerican Reef Region

region:

Mesoamerican Reef (Honduras, Belize, Guatemala, Mexico)

partner:

Willis Towers Watson, MAR Fund


project

Feasibility study on communal disaster risk insurance solution in Honduras

partner:

Global Communities, Willis Towers Watson


project

Feasibility study on insurance for public schools in Peru

partner:

Munich Re, APESEG, AXA XL, Picsure


project

Concept development for insurance solution against flood/heavy rainfall in Nagaland / India

partner:

External consultant


project

Feasibility study to improve India’s crop insurance PMFBY

partner:

Endeva UG, Earth Analytics India, Precision Agriculture for Development


project

Feasibility study for an index-based insurance for smallholder farmers in Togo

partner:

Lorica, eLEAF BV


project

Feasibility study for parametric typhoon insurance in the Philippines

partner:

CelsiusPro, MAA General Assurance Philippines


Our three core areas

Focus areas

The InsuResilience Solutions Fund seeks to increase the resilience and capacity of developing and emerging countries to adapt to climate change by:
  1. Supporting comprehensive climate risk analysis as the basis for governments, businesses and households to become more proactive in risk management and to make informed decisions on climate risk management and adaptation strategies.
  2. Offering studies and advice for the development of new concepts for climate risk insurance solutions that take into account the specific needs of the poor and vulnerable populations and
  3. Co-funding the development and market introduction of insurance products, as well as supporting the expansion of existing innovative climate risk insurance products.
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