Product Development Grant
Funding route · no open call
- Amount
- Up to $2.8M
- Deadline
- Not stated · check listing
- Who can apply
- Non-profits, large companies, local authorities and 1 more · Worldwide
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In context
This call is open to non-profits, large companies and local authorities and 1 other, at prototype and pilot stage and scale-up and mature. Funding is a grant of up to $2.75 million. Coverage is read from the notice itself: any country.
Summary
Grant-based co-funding for joint development and implementation of innovative Climate Risk Insurance products, transforming strategies into market-ready solutions or scaling successful pilots. Eligible partnerships include public entities, insurers, and NGOs.
About this grant
The InsuResilience Solutions Fund (ISF) promotes the development of innovative and sustainable Climate Risk Insurance products in developing and emerging countries, aiming to improve the resilience of vulnerable households against climate change and natural disasters. The Product Development service supports joint product development and implementation of innovative Climate Risk Insurance products that add value for affected people. The ISF provides grant-based co-funding of up to EUR 2.5 million and advice to partnerships between (local) public entities such as national or regional government bodies, private companies in the insurance sector, and NGOs. The support aims to transform new Climate Risk Insurance concepts into products ready for market placement, or to bring successfully piloted products to scale. The fund is part of a tiered approach that also includes Climate Risk Analysis, Concept Development, and Premium Financing Support, which is offered exclusively to partners already supported by the ISF. The ISF is managed by the Frankfurt School and the Global Risk Modelling Alliance (GRMA) is hosted by it. Recent examples include index-based agricultural insurance scale-up in Mali and a multi-partner index-based insurance initiative in the Amazon Basin.
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Eligibility
Eligible applicants are partnerships between (local) public entities such as national or regional government bodies, private companies in the insurance sector, and NGOs. The support is directed at developing and emerging countries. Premium Financing Support is offered only to partners that have or are receiving ISF support for their Climate Risk Insurance product(s). Further eligibility details are not stated on this page.
Key requirements
- Partnership structure required: public entities, insurers, and/or NGOs must collaborate
- Focus on Climate Risk Insurance product development or scaling of existing pilots
- Co-funding model: applicants must secure matching funds alongside ISF grant
- Deliverable must be market-ready product or scaled pilot implementation
Recent past awardees
Knowing who's won the last rounds tells you whether you're in the strike zone.
- Britam Connect
- OKO
- VisionFund International (VFI)
- World Vision (Bolivia, Brazil, Colombia, Peru, Switzerland)
- Global Parametrics (CelsiusPro)
Frequently asked questions
Frequently asked questions
- How much funding does InsuResilience Solutions Fund (ISF) offer?
- Product Development offers up to $2.8M.
- Who can apply for Product Development?
- Eligibility covers non-profits, large companies, local authorities and consortia in any country. See the eligibility criteria above for the full conditions.
Relevant sectors
How this compares
About this sector
About this sector
Climate adaptation funding helps communities, infrastructure and businesses prepare for heat, flooding, drought and sea level rise. Most of it is public and multilateral money, often targeted at vulnerable regions and delivered with local government. Calls usually ask for a climate risk assessment and evidence that local people shaped the plan.
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