Call for Proposals – Grant Co-funding

About this grant

The InsuResilience Solutions Fund (ISF) provides grant co-funding to support the development, improvement, and scaling of climate risk insurance products designed to increase resilience of vulnerable populations to climate change. The fund offers a tiered approach including climate risk analysis, concept development, product development, and premium financing support. It specifically targets insurance solutions that benefit vulnerable households living on less than USD 15 PPP per capita per day in ODA-eligible countries vulnerable to extreme weather events across Asia-Pacific, Europe, Africa, and Latin America. Eligible costs include development of risk and hazard models, technical product design, actuarial work, pricing, data collection, legal costs related to regulatory frameworks, sales and distribution channel development, awareness raising activities, and IT solutions for product administration and scale-up.

Eligibility

Applicants must submit as a consortium with at least two project partners willing and legally entitled to sign a grant agreement, one partner located and legally registered in the country of implementation, one partner representing vulnerable households' demand and needs, and one partner willing to act as risk taker. The insurance product must be designed to develop, improve, or scale up and increase resilience of vulnerable people to climate change. If an agricultural insurance product, at least two out of three FAO criteria must be fulfilled while maintaining or promoting biodiversity. Products must benefit vulnerable households with less than USD 15 PPP per capita per day either directly or indirectly. Implementation must occur in ODA-eligible countries vulnerable to extreme weather events in Asia-Pacific, Europe, Africa, or Latin America. Funding requests cannot exceed EUR 2.5 million. Project partners must contribute own contribution at least matching the requested funding volume in-kind or financially, with lower percentages potentially applied if a local or non-profit partner acts as project lead. Project timelines cannot exceed 24 months for micro and meso level approaches or 36 months for macro level approaches. Project partners must have necessary expertise and experience with similar projects, and the concept must be based on sound background analysis including demand and feasibility assessment.

How it's scored

Applications are evaluated based on fulfillment of stated eligibility criteria including consortium composition requirements, target group alignment, funding appropriateness, own contribution matching, timeline feasibility, partner expertise, and strength of background analysis. Evaluation appears to follow a two-stage process with initial Concept Note assessment followed by full proposal review.

Key requirements

• Partnership must include public entity, private insurance sector company, and NGO
• Project must develop new climate risk insurance products or scale existing pilots
• Applicants must be able to demonstrate climate risk adaptation outcomes
• Co-funding structure implies applicants must secure matching funds

Funder contact

The notice names a programme contact you can speak to before applying.

Relevant sectors