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 vulnerable populations.
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 Project Partners. 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 Project Partners 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, 404 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
download:
Project summary
(PDF-File, 96 KB)
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
download:
Project summary
(PDF-File, 104 KB)
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
region:
Bargarh, Sambalpur (Odisha)
risks:
Flood, drought (most common)
sector:
Agriculture
implemented by:
Endeva UG, Earth Analytics India, Precision Agriculture for Development
download:
Project summary
(PDF-File, 102 KB)
Feasibility study and piloting of an index-based insurance for smallholder farmers in Togo
region:
Togo
risks:
Drought
sector:
Agriculture
implemented by:
Lorica, eLEAF BV, Sunu Togo, Allianz Re, MAPTO, CLIN, Assilassimé
Product / Solution:
Index-based drought insurance for maize, rice or soya, bundled with a loan from a microfinance institution
download:
Project summary
(PDF-File, 95 KB)
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, 563 KB)
Feasibility study on a sovereign parametric insurance solution for smallholder farmers in Mexico
region:
Chiapas
risks:
Drought, excess rain
implemented by:
Guy Carpenter, Swiss Re, Munich Re, AXA Climate
Product / Solution:
Sovereign parametric insurance product covering the cost of production for corn-sowed hectares
download:
Project summary
(PDF-File, 101 KB)
Insurance of fruits and vegetables in Uzbekistan
region:
Uzbekistan (Andijan, Namangan, Fergana oblasts)
risks:
Spring frost, strong wind, hail, heavy rain, high temperature, water deficiancy
sector:
Agriculture
objective:
Assess the feasibility to develop and introduce a new insurance scheme serving as a starting point for a national agricultural scheme focusing on vulnerable smallholder farmers
beneficiaries:
Smallholder or Deqhan farmers (mainly)
Partnership members:
Swiss Re, Axis Capital, UNDP Uzbekistan
download:
Project summary
(PDF-File, 102 KB)
Disaster Risk Transfer Solutions for Urban Settings in Vietnam
region:
Vietnam (Can Tho, Da Nang, Hai Phong, Bien Hoa, Nha Trang)
risks:
Flood, typhoon
sector:
Public assets
Product / Solution:
Disaster risk transfer solution
Partnership members:
AXA Climate, WTW, Guy Carpenter, UNDP, ADB
download:
Project summary
(PDF-File, 98 KB)
