Managed by Frankfurt School
GRMA hosted by ISF
The negative impact of climate change is expected to intensify in the coming decades. Thus, governments and societies need to prepare for natural disasters such as droughts, floods and storms in order to avoid the loss of lives and livelihoods. Insurance can play a critical role in effective disaster risk management by strengthening their resilience to climate change. Timely insurance payouts not only help people to recover faster but also render access to finance for transformative measures. Giving climate risk a price also incentivises adaptation measures, fosters risk reduction and avoids future damages ex-ante. However, especially in developing economies, the share of uninsured climate risk remains high. Thus our mission is to support vulnerable people and countries in the Global South to bounce back better in the face of climate and disaster risks through innovative Climate Risk Insurance solutions.
Climate Risk Insurance products need to be well adapted to the needs of vulnerable populations but also represent a financially sustainable product in order to reach scale and secure replicability. We, therefore, seek to closely involve the insurance industry. On the one hand, to leverage its expertise and know-how in the development of new and innovative Climate Risk Insurance solutions. On the other hand, to integrate its capital in form of insurance coverage for the solutions to be developed. By doing so, we foster public-private partnerships to actively strengthen the case for the insurability of climate risks.
Our Projects
Large-scale smallholder farm drought insurance in South Africa
Grant Amount: 383.840 €
Project Start: Sep 19
Project End: Nov 22
Area Yield Shortfall Guarantee (North Macedonia)
Grant Amount: 313.000 €
Project Start: Nov 19
Project End: Jan 23
Area Yield Shortfall Guarantee (Serbia)
Grant Amount: 187.000 €
Project Start: Jan 20
Project End: Dez 22
Projects in Colombia
Boosting agriculture risk mitigation in Bangladesh through climate insurance for smallholders
Grant Amount: 2.470.269 €
Project Start: Jun 20
Project End: Dec 22
Increasing smallholder farmer resilience to climate change through technology and innovation in climate risk insurance products and distribution channels
Grant Amount: 895.650 €
Project Start: Dec 20
Project End: Jan 23
Projects in India
Projects in Ghana
Colegios públicos en el Perú (Public schools in Peru)
Grant Amount: 1.270.000 €
Project Start: Sep 20
Project End: Oct 23
Introducing index-based flood insurance for the flood prone communities in lower Karnali
Grant Amount: 659.155 €
Project Start: Mar 21
Project End: Apr 23
Scaling up vegetation index crop insurance
Grant Amount: 2.053.044 €
Project Start: Apr 22
Project End: May 23
aMaizing Crop Insurance Program
Grant Amount: 1.344.540 €
Project Start: Jun 21
Project End: Jul 23
Mesoamerican Reef insurance Program
Grant Amount: 1.012.850 €
Project Start: May 21
Project End: Jun 23
Index-insurance in Uganda, a real business with the potential to serve millions
Grant Amount: 982.575 €
Project Start: Sep 21
Project End: Oct 23
FarmCover II – scaling up agricultural insurance in Togo
Grant Amount: 727.281 €
Project Start: Sep 21
Project End: Oct 23
Climate Insurance for Smallholder Farmers in Indonesia (CISFI)
Grant Amount: 471.600 €
Project Start: Oct 22
Project End: Nov 24
Scaling-up and improving National Agricultural Insurance Scheme (NAIS) in Rwanda
Grant Amount: 2.362.110 €
Project Start: Mar 22
Project End: Apr 24
Flood risk cover for Lagos State in Nigeria
Grant Amount: 782.895 €
Project Start: Oct 22
Project End: Nov 24
IDF Mexico Parametric Agri Insurance Program
Grant Amount: 1.893.827 €
Project Start: Mar 22
Project End: Nov 24
Flood Insurance for Target Cities in Argentina (FITCA)
Grant Amount: 586.505 €
Project Start: Feb 23
Project End: Feb 25
Helping Cooperatives and Agripreneurs Build Resilient and Sustainable Communities and Climate Action through Digital Solutions
Grant Amount: 713.850 €
Project Start: Jan 23
Project End: Jan 25
Developing a trigger-based finance framework for climate related disasters
Grant Amount: 456.312 €
Project Start: Oct 24
Project End: Oct 26
Integrated Financial and Technical Services for Agriculture in Burkina Faso
Grant Amount: 1.124.725 €
Project Start: Feb 24
Project End: Feb 26
Rice Value Chain Climate Cover in Cote d’Ivoire
Grant Amount: 1.551.141 €
Project Start: Jun 24
Project End: Jun 26
Agriculture Insurance Scheme for Horticulture and Vegetables in Uzbekistan
Grant Amount: 964.875 €
Project Start: Aug 23
Project End: Aug 25
Global Insurance for the Disaster Response Emergency Fund
Grant Amount: 2.455.288 €
Project Start: Jun 23
Project End: Jun 25
Flood protection for vulnerable areas in Togo
Grant Amount: 1.646.350 €
Project Start: Mar 24
Project End: Mar 26
Introducing new and scaling existing climate risk parametric insurance products in Fiji
Grant Amount: 950.563 €
Project Start: Aug 24
Project End: Aug 26
Scaling up financial resilience against flood events in Morocco
Grant Amount: 2.340.800 €
Project Start: Dec 23
Project End: Dec 25
Scaling up financial protection against disasters for vulnerable populations in Senegal
Grant Amount: 1.822.900 €
Project Start: Dec 23
Project End: Dec 25
Enhancing Resilience of Smallholder Farmers in Southern Malawi through a Risk Layering Approach for Managing Climate-related Risks
Grant Amount: 1.019.510 €
Project Start: Oct 24
Project End: Oct 26