• The InsuResilience Investment Fund Private Equity (IIF PE II) mobilises private sector capital to support climate change adaptation and build resilience in emerging markets.
  • The Fund is a joint initiative between BlueOrchard, a global impact investment manager and member of the Schroders Group, and KfW, the German development bank, who is acting on behalf of the German government under the InsuResilience Global Partnership.
  • Over USD 50million raised at second closing.

Zurich, 4 July 2023 – IIF PE II aims to build resilience against climate change and provide affordable climate risk insurance protection to vulnerable populations and small businesses. It follows in the footsteps of its predecessor, whose nine portfolio companies have so far provided insurance cover to over 48 million beneficiaries in more than 45 countries (as of June 2023).

With Igloo and Newe, IIF PE II has already made notable investments in two innovative companies in the climate insurance sector.

Igloo is a Singapore-based insurtech company with operations in seven South and East Asian markets that has on average tripled its revenues each of the last three years. In the area of climate insurance, the firm is contributing to protecting smallholder farmers in the Philippines from natural disasters and has launched an innovative weather insurance product for farmers in Vietnam.

Newe is a leader in agricultural insurance in Brazil, the agricultural powerhouse of Latin America. Together with IIF PE II, the firm is looking to extend agricultural insurance to the more than four million smallholder farmers in the country.

We see a strong pipeline of opportunities for our strategy as the climate insurance ecosystem in our target markets enters the growth phase. Scalability and affordability of the offering, as well as technological expertise and operational excellence, are critical to succeed in this space. With our unique network and expertise, we are the partner of choice for many of the firms that excel in these areas,” said Martín Diaz Plata, Head of Private Equity Investments at BlueOrchard.

We are delighted by the trust and continued strong interest from investors. The unique character of the strategy, which provides climate insurance solutions for the most vulnerable populations and businesses, is recognised. Investing in climate adaption is not only a climate investment imperative, but also a commercial opportunity,” said Felix Hermes, Head of Private Equity & Sustainable Infrastructure at BlueOrchard.


For further information, please contact:

Tahmina Theis
Head of Communications, BlueOrchard Finance Ltd
+41 22 596 47 69



About BlueOrchard Finance Ltd

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneering impact investor, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. BlueOrchard was founded in 2001, by initiative of the UN, as the first commercial manager of microfinance debt investments worldwide. Today, the firm offers impact investment solutions across asset classes, connecting millions of entrepreneurs in emerging and frontier markets with investors with the aim to make impact investment solutions accessible to all and to advance the conscious use of capital. Being a professional investment manager and expert in innovative blended finance mandates, BlueOrchard has a sophisticated international investor base and is a trusted partner of leading global development finance institutions. To date, BlueOrchard has invested over USD 10 billion across more than 105 countries. 260 million underserved people and MSMEs in emerging and frontier markets received access to financial and related services with the support of BlueOrchard as of December 2022. For additional information, please visit: www.blueorchard.com.



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