The G20/V20 InsuResilience Global Partnership aims to protect more than 500 million people in vulnerable communities in developing countries against the impacts of climate change. IIF is the only initiative under the Global Partnership that is investing private capital in private sector companies to help increase commercial climate insurance offerings. IIF, managed by BlueOrchard, was initiated by KfW, the German Development Bank, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

The Fund lends to financial institutions and aggregators in order to facilitate adaptation to climate change by improving access to, and use of, climate insurance solutions in developing countries. Together with its portfolio companies and those in the Private Equity Sub-fund, the Fund is pioneering the development and distribution of micro and meso insurance products against extreme weather events and natural disasters. The value of IIF investments is further enhanced by designated technical and premium support funding.

IIF is a prime example of a successful blended finance strategy. It is structured as a public private partnership and has, building on the BMZ junior funding, attracted investments from established investors in both the public and private sectors including the European Investment Bank (EIB), DFC (U.S. International Development Finance Corporation), Bank of America, Calvert Impact Capital and Ceniarth LLC.

Philipp Müller, Chief Executive Officer at BlueOrchard: “The InsuResilience Investment Fund is making a major contribution to improving the resilience of poor and vulnerable households, farmers and MSMEs in developing countries to the effects of climate change. We are proud to be managing this fund and we thank our investors for their trust and support.”

Stefan Hirche, Principal Portfolio Manager at KfW: “After closing the Private Equity Sub-fund earlier this year, we are pleased to having reached the next significant milestone. BlueOrchard has been a strong and reliable partner in scaling up this initiative.”

Ambroise Fayolle, European Investment Bank Vice President, said “The European Investment Bank is pleased to support BlueOrchard’s pioneering climate insurance initiative to contribute to protecting millions of people in vulnerable communities from a changing and more extreme climate. The InsuResilience Investment Fund demonstrates how global financial partners can work together to accelerate climate action and deliver on political priorities outlined by the G20.”

James Polan, Vice President of the Office of Development Credit at DFC: “DFC is proud to support this innovative and thoughtful approach to expanding opportunities for poor and climate-vulnerable populations to protect themselves against extreme weather events. Severe weather events disproportionately impact women, and we appreciate BlueOrchard’s thoughtful approach to incorporate gender into its decision making to ensure that women are not left behind.”

Daniel Ford, Investment Officer at Calvert Impact Capital: “BlueOrchard’s InsuResilience Investment Fund will help drive growth of the global climate insurance market and expand the delivery of critical, affordable climate insurance products to some of the world’s most vulnerable populations, with a particularly positive impact on women.

As part of our Blended Finance Catalyst Pool and our broader sustainable finance initiatives, this investment is another demonstration of how we are helping to advance the United Nations Sustainable Development Goals, while driving innovative financial solutions to address global issues like climate change,” said Dan Letendre, managing director for environmental, social and governance at Bank of America. “The positive impacts of pairing climate insurance with these loans will help provide borrowers with financial stability and resilience as well as better access to funding during climate-related events.”

Diane Isenberg, Founder at Ceniarth: “Increasing the availability and reliability of climate insurance coverage is absolutely critical to safeguarding the livelihoods of vulnerable farming communities around the world.  We are a proud partner of BlueOrchard in this innovative, integrated approach to delivering climate just solutions.

– ends –

About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager and a member of the Schroders group. The firm is dedicated to fostering inclusive and climate-smart growth in emerging and frontier markets, while providing attractive returns for investors. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments. The firm has built a distinct track record in offering premium impact investment solutions, including credit, private equity, and sustainable infrastructure. Being an expert in innovative blended finance mandates, the firm is a trusted partner of leading global development finance institutions. BlueOrchard has invested to date more than USD 7bn for sophisticated global private and public clients, enabling tangible social and environmental impact. For additional information, please visit: www.blueorchard.com

About InsuResilience Investment Fund

Luxembourg-based InsuResilience Investment Fund has been set up by KfW, the German Development Bank, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The overall objective of the InsuResilience Investment Fund is to contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries. The specific objective of the fund is to reduce the vulnerability of low-income households and micro, small and medium enterprises (MSME) to extreme weather events. The InsuResilience Investment Fund has been set up as a public-private-partnership for qualified investors and combines private debt and equity investments in two separately investible sub-funds as well as technical assistance and premium support. The fund aims at both financial return and social impact. For further information, please visit: www.insuresilienceinvestment.fund  

For further information, please contact:

Tahmina Theis
+41 22 596 47 69
tahmina.theis@blueorchard.com
www.blueorchard.com

Disclaimer:

The information in this document was produced by BlueOrchard Finance Ltd (“BOF”) to the best of its present knowledge and belief. However, all data and financial information provided is on an unaudited and “as is” basis. The opinions expressed in this document are those of BOF and its employees and are subject to change at any time without notice. BOF provides no guarantee with regard to the accuracy and completeness of the content in this document and BOF does not under any circumstance, accept liability for any losses or damages which may arise from making use of, or relying upon any information, content or opinion provided by BOF in this document. This document may contain references or links to other document and websites and BOF has not reviewed such other document and websites and is not responsible in any way in relation to the content of such document and websites. 

The information in this document is the sole property of BOF unless otherwise noted, and may not be reproduced in full or in part without the express prior written consent of BOF.

All investments involve risk. We note specifically that past performance is not an indication of future results. Emerging markets impact investments involve a unique and substantial level of risk that is critical to understand before engaging in any prospective relationship with BOF and its various managed funds. Investments in emerging markets, particularly those involving foreign currencies, may present significant additional risk and in all cases the risks implicated in this disclaimer include the risk of loss of invested capital.

The materials provided in this document are for informational purposes only and nothing in this document can be construed as constituting any offer to purchase any product, or a recommendation/solicitation or other inducement to buy or sell any financial instrument of any kind and shall not under any circumstances be construed as absolving any reader of this document of his/her responsibility for making an independent evaluation of the risks and potential rewards of any financial transaction. We note in particular that none of the investment products referred to in this document constitute securities registered under the Securities Act of 1933 (of the United States of America) and BOF and its managed/advised funds are materially limited in their capacity to sell any financial products of any kind in the United States. No investment product referenced in this document may be publicly offered for sale in the United States and nothing in this document shall be construed under any circumstances as a solicitation of a US Person (as defined in applicable law/regulation) to purchase any BOF investment product.

The information provided in this document is intended for review and receipt only by those persons who are qualified (in accordance with applicable legal/regulatory definitions) in their respective place of residence and/or business to view it, and the information is not intended under any circumstances to be provided to any person who is not legally eligible to receive it. Any recipient of information from this document who wishes to engage with BOF in furtherance of any transaction or any relationship whatsoever must consult his/her own tax, legal and investment professionals to determine whether such relationship and/or transaction is suitable.

By no means is the information provided in this document aimed at persons who are residents of any country where the product mentioned herein is not registered or approved for sale or marketing or in which dissemination of such information is not permitted.

BOF disclaims all liability for any direct or indirect damages and/or costs that may arise from the use of (whether such use is proper or improper), or access to, this document (or the inability to access this document). 

The use of UN Sustainable Development Goals (SDG) icons is for purely informational purposes in providing context for the impact proposition of the investments contemplated by the Fund. The use of SDG icons and/or any reference to the SDGs is non-promotional and in no way is intended to reflect endorsement of the Fund by the United Nations nor affiliation with BlueOrchard Finance,  the Schroders Group or any of its subsidiaries.

Copyright © 2020, BlueOrchard Finance Ltd. All rights reserved.