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

region:

Cartagena, Medellín, Pasto, Manizales, Cali

sector:

Public infrastructure

implemented by:

Global Communities in partnership with DLA Piper, Hannover Re and Willis Towers Watson


project

Feasibility study on smallholder farm drought insurance in South Africa

risks:

Drought

sector:

Agriculture

implemented by:

CelsiusPro AG and Land Bank Insurance Corporation

Product / Solution:

Index drought insurance scheme for crop and livestock


project

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

partner:

National Insurance Trust Fund (NITF), Insurance Development Forum (IDF)

implemented by:

External consultant

Product / Solution:

Residential property, risk live and emergency response insurance


project

Feasibility study on reef insurance in the Mesoamerican Reef Region

region:

Mesoamerican Reef (Honduras, Belize, Guatemala, Mexico)

risks:

Tropical cyclones

implemented by:

MAR Fund and Willis Towers Watson

Product / Solution:

Mesoamerican Reef insurance

download:
Project summary

(PDF-File, 800 KB)


project

Feasibility study on communal disaster risk insurance solution in Honduras

region:

Municipality of the Central District - Tegucigalpa and Comayagüela

risks:

Flood and landslides

sector:

Public infrastructure

implemented by:

Global Communities, Willis Towers Watson

Product / Solution:

Flood parametric and landslide indemnity insurance product


project

Feasibility study on insurance for public schools in Peru

risks:

Flood, mud slides, earthquake

sector:

Public schools

implemented by:

APESEG (Peru‘s association of insurers, mandated by the Government); AXA XL; GEM; JBA; Munich Re; Picsure


project

Concept development for sub-sovereign natural disaster risk insurance scheme in Nagaland / India

region:

Nagaland

risks:

Flood, heavy rainfall

partner:

Nagaland State Disaster Management Authority (NSDMA)

implemented by:

External consultant

objective:

Enhance the robustness and reliability of government relief funds


project

Feasibility study to improve India’s crop insurance PMFBY

risks:

Flood, drought (most common)

sector:

Agriculture

implemented by:

Endeva UG, Earth Analytics India, Precision Agriculture for Development


project

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

risks:

Drought

sector:

Agriculture

implemented by:

Lorica, eLEAF BV

Product / Solution:

Index-based drought insurance for maize, rice or soya, bundled with a loan from a microfinance institution


project

Feasibility study for a parametric typhoon insurance in the Philippines

risks:

Typhoons

sector:

Emergency relief

implemented by:

CelsiusPro, MAA General Assurance Philippines

Product / Solution:

Parametric emergency cash product for the Filipino low-income sector

download:
Project summary

(PDF-File, 740 KB)


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.
Cookies and Privacy

This website uses cookies to ensure you get the best experience on our website. Please review your cookie settings before you continue.

For more information please see our Privacy Policy.