The InsuResilience Investment Fund is an initiative created by KfW, the German Development Bank, on behalf of the German Ministry for Economic Cooperation and Development (BMZ).
The fund drives adaptation to climate change by improving access and use of insurance in developing countries, with a focus on reducing the vulnerability of poor households as well as micro, small and medium enterprises to extreme weather events.
The fund invests in insurance and technology companies that help to mitigate climate-related risks, providing financing to qualified investees that offer insurance solutions for weather events and natural catastrophes.
EIB’s USD 25m contribution was instrumental in moving the Fund closer towards target size and crowded in additional investors.
IIF is the only G20 Initiative on Climate Risk Insurance investing private capital in private sector companies to increase commercial insurance offerings. The fund has been set up as a public-private-partnership and combines Private Debt and Private Equity investments in two separately investible Sub-Funds. The IIF Private Equity Sub-Fund has announced the final closing in July 2020.
As of July 2020, the fund has already made six investments across emerging markets, helping to protect more than 20 million poor and vulnerable people from the effects of climate change.