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
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
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
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
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)
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
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
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
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
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
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)
