Call for Proposals of the InsuResilience Solutions Fund

Name of the entity
InsuResilience Solutions Fund
Type of Support Provider
Multilateral
Close Date
Climate Objective
Adaptation
Eligible to submit a proposal
Non-state actors (e.g., academic/research institutions, non-profits, etc.)
Public entities
Private companies
Co-financing Requirement
Yes
Consortium Requirement
No
Funding Amount
EUR 2,500,000
Region
East Asia and Pacific
Latin America and the Caribbean
Middle East and North Africa
Sub-Saharan Africa
Sectors and Themes
Agriculture
Disaster Risk Reduction
Infrastructure and Industry
Call Summary
The InsuResilience Solutions Fund (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 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.
Eligibility Criteria
Who can apply: Organisations (public and / or private) forming PROJECT PARTNERS where:
- At least two project partners are willing and legally entitled to sign the potential Grant Agreement
- At least one project partner is located and legally registered in the country of implementation and legally entitled to sign the potential Grant Agreement
- At least one project partner represents demand and needs of poor and vulnerable people (beneficiaries)
- All main tasks in implementing the ISF project are covered
- At least one entity is generally willing to act as risk taker
- New product ready for market launch within 24 months
- Projects based in countries in Asia and the Pacific, Africa and Latin America which are eligible to receive official development assistance (ODA) as defined by the OECD Development Assistance Committee and are vulnerable to extreme weather events