Timeframe
The 9th Call for Proposals of the InsuResilience Solutions Fund (ISF) is open until Friday, 1 September 2023, 23:59 CEST.
How to apply
In the download section of the ISF’s website, you will find the mandatory Concept Note Template to submit your project proposal, as well as further guiding documents regarding the funding and eligibility criteria as well as FAQ.
Before submitting your Concept Note to info@insuresilience-solutions-fund.org, please pay close attention to the provided overview.
Eligibility
The ISF supports the development of innovative and sustainable climate risk insurance products in countries of Latin America, Africa and Asia eligible to receive official development assistance (ODA) with grand-based co-funding of up to EUR 2.5m in order to improve the resilience of households living on less than USD 15.00 Purchasing Power Parity per capita per day.
Support
The ISF will host two Q&A sessions in July (tentative dates are 25 and 27 July 2023). Interested parties wishing to attend are cordially invited to reach out to info@insuresilience-solutions-fund.org for further information.
Criteria for agricultural insurance projects
Progress in sustainable agriculture and preservation of biodiversity are amongst the priorities of the German G7 presidency. In support of these policies and moving from ambition to implementation the ISF welcomes climate risk insurance products complementing climate smart agricultural practices and promoting biodiversity with its 9th Call for Proposals.
General ISF funding criteria remain valid also for agricultural insurance projects integrating CSA (see: items eligible for grant-based funding under Pillar III ). Therefore only costs directly or indirectly linked to the development of the specific climate risk insurance product may be co-funded by ISF.
Additional criteria to be fulfilled by proposals in the area of agricultural insurance
Agricultural insurance solutions proposed under the 9th CfP are required to consider CSA measures to complement the insurance solution, fulfilling at least two of the three CSA criteria (as defined by the Food & Agriculture Organization (FAO)), while ensuring positive biodiversity outcomes:
Sustainably increase food security by improving agricultural productivity and incomes
AND
Build resilience and adaptive capacity at multiple levels
AND/OR
Reduce Greenhouse Gas (GHG) emissions and/or increase carbon sinks while maintaining or promoting biodiversity.
Examples of techniques and approaches can be found here.
For any further questions and / or enquiries about the ISF, please reach out to info@insuresilience-solutions-fund.org.
Title image: © GIZ / Ramana Dumpala