You are planning to develop, scale up or improve a climate risk insurance product and look for financial support?
Submit your Concept Note for the 10th Call for Proposals until Friday, 5 April 2024.
Climate risk insurance projects in different sectors such as infrastructure (property), finance, emergency relief, nature, agriculture etc. are highly welcome under the ISF's Call for Proposals.
All documents relevant for the application process and further guiding documents are published here.
The ISF will host Q&A sessions in preparation for the submission of Concept Notes. Interested parties are invited to register here:
Tuesday, 27 February 2024, 9 - 11:00 am CET link to register
Thursday, 29 February 2024, 3 - 5:00 pm CET link to register
For any questions, please do not hesitate to contact us via email@example.com.
Terms of funding
The ISF provides grant-based co-funding of up to EUR 2.5m only to consortia of Project Partners consisting of public and/ or private organisations
1) which want to
- develop new climate risk insurance products, especially for governments or
- scale-up already existing products, e.g. into other regions or to other groups
- improve an existing climate risk insurance product or program
in order to
increase the resilience of poor and vulnerable people in developing countries to climate change
2) where at least one partner is
- representing the demand and needs of end-beneficiaries (e.g. national or regional government bodies, NGOs, local insurers)
- willing to act as a risk taker (e.g. reinsurance company)
- located in the target country and legally authorised to sign a potential Grant Agreement
3) which provide an own contribution
- matching the grant funding (in-kind and/or as financial contribution, including funds from their own resources and co-financing2)
Further parties, e.g. other product implementing partners such as risk modelling agencies, insurers, brokers, can additionally be involved.
In case of applying, please bear in mind that the grant-based co-funding of up to EUR 2.5m does not include your own contribution.
Hence, the formula is as follows: ISF grant + own contribution = total project costs.