Terms of funding
The 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
1) 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
in order to
increase the resilience of poor and vulnerable people in developing countries to climate change
2) where at least one partner is
- representing the demand and needs of end-beneficiaries (e.g. national or regional government bodies, NGOs, local insurers)
- willing to act as a risk taker (e.g. reinsurance company)
- located in the target country and legally authorised to sign a potential Grant Agreement
3) which provide an own contribution
- matching the grant funding (in-kind and/or as financial contribution, including funds from their own resources and co-financing2)
Further parties, e.g. other product implementing partners such as risk modelling agencies, insurers, brokers, can additionally be involved.
