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.