The fund aims to drive adaptation to climate change by improving access to and the use of insurance in developing countries, with a focus on reducing the vulnerability of poor and vulnerable households as well as micro, small and medium enterprises to extreme weather events. It 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.
The economic and financial losses caused by natural disasters have increased substantially over the last decades. It is expected that the frequency and severity of weather-related events will further increase due to climate change. Climate insurance reduces the vulnerabilities of individuals with low-income to climate threats by providing insurance as a risk management instrument.
IIF, which launched in 2017, is part of the G20 InsuResilience Global Partnership and contributes to a number of the UN’s Sustainable Development Goals; with the aim of protecting more than 100 million poor and vulnerable people around the world.
Philipp Müller, Chief Executive Officer at BlueOrchard, said: “Driving inclusive and climate-smart growth is part of our core mission at BlueOrchard. We are proud of the work that the InsuResilience Investment Fund has done over the last few years to support smallholder farmers in emerging and frontier markets in adapting to the effects of climate change. This investment from the Open Society Foundations will help us to continue to expand our investment in the insurance and technology providers who make this possible, and bring us closer to achieving our goal of reaching 100 million low-income households.”
Catherine Cax, SEDF’s Director of Investments said: “The InsuResilience Investment Fund is the only entirely private sector initiative within this broader effort to expand affordable insurance to those who are most at risk from the threat of climate change. We hope to contribute to a success story that will serve as a catalyst to bring other private sector investment into this critical area. While initiated before COVID-19, this investment speaks to the moment by supporting vulnerable communities that are already disproportionally at risk.”
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 6bn for sophisticated global private and public clients, enabling tangible social and environmental impact. For additional information, please visit: www.blueorchard.com.
For further information, please contact:
Kat Sutton, Head of Communications a.i.
+41 22 596 47 69
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 documents and websites and BOF has not reviewed such other documents and websites and is not responsible in any way in relation to the content of such documents 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).
Copyright © 2020, BlueOrchard Finance Ltd. All rights reserved.