InsuResilience Solutions Fund (ISF)

Overview

Funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the InsuResilience Solutions Fund has been set-up by KfW in order to support the development of innovative climate risk insurance products and insurance markets. The Fund commenced its activities in 2018 whereas its funding operations started in 2019. The central objective of the InsuResilience Global Partnership is to enable more timely and reliable disaster response through the use of climate and disaster risk finance and insurance solutions and thus to strengthen adaptation and local resilience of the poor and vulnerable to the adverse effects of climate change. ISF provides grants up to 2.5m EUR under the condition that the partnership commits a meaningful own contribution of 50% of the requested funding1 in kind and/or as financial contribution.

ISF has three focus areas:

  • Development of new climate risk insurance products, especially for governments.
  • Scale-up of already existing, piloted products, e.g. into other regions or to other groups.
  • Investment in technological solutions to improve and scale-up insurance operations, e.g. through applying satellite technology or drones.

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NO Comment 26th November 2019

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