USD 14.5 million
Isabel Leroux, Program Manager ([email protected])
The InsuResilience Investment Fund, formerly known as Climate Insurance Fund, is an initiative created by KfW, the German Development Bank, on behalf of the German Ministry for Economic Cooperation and Development (BMZ).
The overall objective of the InsuResilience Investment Fund is to contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries. The specific objective of the fund is to reduce the vulnerability of micro, small, and medium enterprises (MSME) as well as low-income households to extreme weather events.
The first InsuResilience Investment Fund, set up as a public-private-partnership, combined Private Debt and Private Equity investments in two separately investible Sub-Funds, open for private investors from July 2017. Building on the success of the first Fund, KfW and BlueOrchard launched the InsuResilience Investment Fund Private Equity II in September 2022. The second Fund has a strong focus on technology to drive affordability of and accessibility to climate insurance.
Technical assistance and premium support facilities complete both InsuResilience Investment Funds and are separately funded by BMZ.
The Funds are classified as an Article 9 Fund according to the EU Sustainable Finance Disclosure Regulation (SFDR).
Nordic Development Fund
The InsuResilience Investment Fund SICAV-RAIF is an investment company with variable capital incorporated under the laws of Luxembourg as a public limited liability company.
Details on the Fund's governance structure can be found here.
Target countries of the funds are ODA recipient countries as defined by the OECD Development Assistance Committee provided that they have an appropriate investment environment.
Technical assistance manager of the first InsuResilience Investment Fund is CelsiusPro, a leading Swiss-based weather and climate change insurance specialist. Founded in 2008, the company possesses ample international experience in structuring and originating tailored index products, mitigating the effects of adverse weather, climate change and natural perils. CelsiusPro operates a state-of-the-art online platform for risk modeling, pricing, execution, transaction lifecycle management and reporting that allows users to model, price and transact a large number of transactions efficiently and at low cost. For additional information, please visit: www.celsiuspro.com
Technical assistance manager of the InsuResilience Investment Fund Private Equity II is BlueOrchard Finance Ltd.