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Concept Development

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

Project Lead: Global Communities

Disaster Risk Assessment of Five Colombian Cities

Assets: Public infrastructure
Hazard: Flood, Landslides, Earthquake

Project Lead: Global Communities

Feasibility study on communal disaster risk insurance solution in Honduras

Assets: Public infrastructure
Hazard: Flood, Landslides

Project Lead: PMFBY

Making India’s crop insurance more inclusive through technology

Assets: Agricultural production
Hazard: Flood, Drought

Project Lead: KMD

Agriculture Risk Resilience Insurance Access Program in Malawi: Bundling climate risk insurance with Affordable Inputs Program (AIP in Malawi)

Assets: Property, financial losses, agricultural/crop production
Hazard: Drought/heatwaves, flood, extreme rainfall, tropical storm, cold spells

Project Lead: CelsiusPro

Smallholder Farm Drought Insurance in South Africa

Assets: Agricultural production
Hazard: Drought

Projects in Sri Lanka

Project Lead: Advisory IDF

Concept development for improvement of national natural disaster insurance scheme in Sri Lanka

Assets: Residential property, Emergency relief

Project Lead: OKO Finance Ltd.

Bundling index-insurance with weather alerts and agricultural advice

Assets: Agricultural production
Hazard: Drought, heat waves, extreme rainfall, flood

Project Lead: MAR Fund

Sustainability of Rapid Response Reef Risk Financing in the MAR Region

Assets: Mesoamerican Reef
Hazard: Windstorms

Project Lead: TPA IDF

Parametric Insurance for Smallholder Farmers of Maize in Mexico

Assets: Agricultural production
Hazard: Drought, Excess Rainfall

Project Lead: Lorica

Providing index-based insurance to smallholder Farmers in Togo

Assets: Agricultural production
Hazard: Drought, Excess Rainfall

Project Lead: CelsiusPro

Introducing parametric typhoon insurance

Assets: Emergency Relief
Hazard: Typhoon

Project Lead: TPA IDF

Insurance of fruits and vegetables in Uzbekistan

Assets: Agricultural crops
Hazard: Multi-Peril: Spring frost, wind, hail, flood

Project Lead: TPA IDF

Disaster Risk Transfer Solutions for Urban Settings in Vietnam

Assets: Public assets
Hazard: Flood and Windstorms

Project Lead: IDF

Feasibility Study for the Tanzania Agriculture Insurance Scheme (TAIS)

Assets: Agricultural production
Hazard: Drought, Excess Rainfall

Project Lead: IDF

Feasibility study on insurance for public schools in Peru

Assets: Public schools
Hazard:Flood, Landslides, Earthquakes

List of Grants

CountryProject LeadTitleAssetsHazardStatusMore information
ColombiaGlobal CommunitiesDisaster Risk Assessment of Five Colombian CitiesPublic infrastructureFlood, Landslides, EarthquakeClosed
HondurasGlobal CommunitiesFeasibility study on communal disaster risk insurance solution in HondurasPublic infrastructureFlood, LandslidesClosedPDF
IndiaPMFBY Making India’s crop insurance more inclusive through technologyAgricultural productionFlood, DroughtClosedPDF
MalawiKMDAgriculture Risk Resilience Insurance Access Program in Malawi: Bundling climate risk insurance with Affordable Inputs Program (AIP in Malawi)Property, financial losses, agricultural/crop productionDrought/heatwaves, flood, extreme rainfall, tropical storm, cold spellsOngoing
MaliOKO Finance Ltd.Bundling index-insurance with weather alerts and agricultural adviceAgricultural productionDrought, heat waves, extreme rainfall, floodOngoing
MexicoTPA IDFParametric Insurance for Smallholder Farmers of Maize in MexicoAgricultural productionDrought, Excess RainfallClosedPDF
Mexico, Guatemala, Belize, HondurasMAR FundSustainability of Rapid Response Reef Risk Financing in the MAR RegionMesoamerican ReefWindstormsClosedPDF
PeruIDFFeasibility study on insurance for public schools in PeruPublic schoolsFlood, Landslides, EarthquakesClosedPDF
PhilippinesCelsiusProIntroducing parametric typhoon insuranceEmergency ReliefClosedPDF
South AfricaCelsiusProSmallholder Farm Drought Insurance in South AfricaDroughtClosed
Sri LankaAdvisory IDFConcept development for improvement of national natural disaster insurance scheme in Sri LankaResidential property, Emergency reliefClosed
Sri LankaUNEP CCC, ADPC, AXA Climate, CCC, GBC, JBA and SanasaAffordable Insurance Package(s) for Micro, Small and Medium-sized Enterprises in Sri Lanka Covering Flood Disaster DamagesProperty, emergency reliefFloodClosedPDF
TanzaniaIDFFeasibility Study for the Tanzania Agriculture Insurance Scheme (TAIS)Agricultural productionTo be seenOngoing
TogoLoricaProviding index-based insurance to smallholder Farmers in TogoAgricultural productionDrought, Excess RainfallClosedPDF
UzbekistanTPA IDFInsurance of fruits and vegetables in UzbekistanAgricultural cropsMulti-Peril: Spring frost, wind, hail, floodClosedPDF
VietnamTPA IDFDisaster Risk Transfer Solutions for Urban Settings in VietnamPublic assetsFlood and WindstormsClosedPDF