Zurich/London/Helsinki, 16 April 2024 – BlueOrchard, a pioneering impact investment manager and member of the Schroders Group, is delighted to welcome British International Investment (BII), the UK’s development finance institution and impact investor, and the Nordic Development Fund (NDF) as new investors to the InsuResilience Investment Fund Private Equity II (IIF PE II). They join existing investors such as KfW, and Schroders in supporting the fund’s mission to build climate resilience in emerging markets. BII has supported two BlueOrchard funds, including an education finance fund for Africa and a Covid-19 recovery fund for MSMEs in emerging markets. The collaboration with NDF marks the beginning of a new partnership between NDF and BlueOrchard

Read the press release here.

Zurich/Nairobi, 15 April 2024 – Agricultural insurance and technology company Pula today announced that it closed a USD 20 million series B fundraising round that will help thousands of smallholder farmers in emerging markets gain access to insurance against floods, droughts, and other climate-related events.

Read the press release here.

Zurich, 18 January 2023 – FinAGG Technologies Pvt. Ltd. (“FinAGG”), a leading Indian fintech, received funding of USD 6 million from the BlueOrchard-managed InsuResilience Investment Fund II (”IIF II”). The investment is part of a funding round of USD 11 million led by BlueOrchard alongside Tata Capital (“Tata”), Small Industries Development Bank of India (“SIDBI”), and existing investor Prime Venture Partners (“Prime”).

Read the press release here.

Zurich, 18 January 2023 – Newe, a data-driven innovative Brazilian specialty insurance company, received funding of BRL 27 million from the BlueOrchard-managed InsuResilience investment strategy. The strategy is set up on behalf of the German government by KfW.

Read the press release here.

Zurich, 1 December 2022 – Igloo, one of the top insurtech companies in Southeast Asia, will receive funding by the BlueOrchard-managed InsuResilience investment strategy. The strategy is set up on behalf of the German government by KfW. World Women’s Banking (WWB), Finnfund, La Maison, and Series B lead investor Cathay Innovation also participate in the funding round.

Read the press release here.

Zurich, 27 April 2022 – The InsuResilience Investment Fund (“IIF” or the “Fund”) managed by leading impact investment manager BlueOrchard Finance Ltd (“BlueOrchard”) will acquire a minority stake in Forte Insurance Group (“Forte”), a general, life, and micro-insurance group in Southeast Asia. IIF is set up on behalf of the German government by KfW. With the recent investment in Forte, the Fund is fully deployed.

Read the press release here.

Zurich, 17 March 2022 – The InsuResilience Investment Fund (IIF) proudly sponsored 8 participants of the 2021 Insurance for Development online programme organized by the International Labour Organization (ILO) Impact Insurance Facility.

The high-quality online programme aims to build capacity of insurers, distributors and other market players to further develop inclusive insurance markets. Over a five-week period, the 80 participants had the opportunity to learn state-of art insights and approaches on inclusive insurance markets, products and claims as well as responsible insurance and business viability. The participants are being engaged in the form of individual self-learning and group activities, live webinars, forum discussions and assessments.

For further information, please click here.

Zurich, 15 March 2022 – The InsuResilience Investment Fund managed by leading impact investment manager BlueOrchard Finance Ltd has acquired a stake in Vanguard Assurance Limited, a general and micro-insurance group operating in Ghana. IIF is set up on behalf of the German government by KfW.

Read the news release here.

Zurich, 8 December 2021 – The InsuResilience Investment Fund  managed by leading impact investment manager BlueOrchard Finance Ltd today announced an agreement to invest up to USD 6.7 million investment in Probus Insurance Broker Private Limited, a leading retail insurtech firm based in India.

Read the news release here.

2021 ILO Insurance for Development Online Course

The InsuResilience Investment Fund (IIF) proudly sponsored six participants of the 2021 spanish version of the Insurance for Development (Seguros para el Desarrollo) online programme organized by the International Labour Organization (ILO) Impact Insurance Facility.

Similar to the “Insurance for Development” Online Course held in September 2020, the high-quality online programme aimed to build capacity of Latin American insurers, distributors and other market players to further develop inclusive insurance markets. Over a five week period, the participants learned about the access to new impact insurance markets through alternative distribution channels, market research, product development, loss management and responsible insurance and business viability.

For further information, please click here.

Zurich, 21 December 2020 – Swiss impact investment manager BlueOrchard Finance Ltd (“BlueOrchard”) today announced the final close of the InsuResilience Investment Fund (IIF) Debt Sub-fund (“the Fund”), a first of its kind initiative to improve access to climate insurance across the developing world. To date, the Fund has made 14 investments across emerging markets, helping to protect 25-million people in underserved and economically vulnerable communities to mitigate the effects of climate change. IIF’s goal is to reach between 90 and 145 million beneficiaries by 2025.

Read the news release here.

Since 2015, the InsuResilience Investment Fund (IIF) has worked to build the climate resilience of poor and climate-vulnerable households as well as micro, small and medium enterprises, by increasing climate insurance coverage. It has today launched a new report “Protecting low-income communities through climate insurance”, which takes stock of its experience and achievements over its first six years of operation. As the first fund of its kind to raise private capital to invest in climate insurance markets in developing countries, the fund shares in this report valuable lessons for impact investors, insurers, policy makers and other relevant entities involved in building resilience using insurance and disaster risk finance.

Learn more about the release and access the full report here.

We’re pleased to share the InsuResilience Investment Fund’s latest report on climate insurance in developing countries.

‘Protecting low-income communities through climate insurance’ takes a look at the Fund’s work and achievements in facilitating adaptation of climate insurance to improve productivity and resilience of smallholder farmers and agribusinesses over the six years of operation.

Learn more and access the full report here.

We are pleased to invite you to the InsuResilience Investment Fund (IIF) side event at this years’ InsuResilience Global Partnership Annual Forum. Join us for a panel discussion on ‘Building climate resilience through insurance: Lessons from IIF’s first six years‘. See panel description here. 
In addition to this side event, Maria Teresa Zappia will participate in a panel discussion on ‘Impacting lives’ on day 4 of the InsuResilience Global Partnership Annual Forum, 10 December 2020 at 13: 45 CET.

Learn more about the event and register here.

IIF sponsors capacity building program for insurers organized by the International Labour Organization Impact Insurance Facility

The InsuResilience Investment Fund (IIF) proudly sponsored nine participants of the 2020 Insurance for Development online programme organized by the International Labour Organization (ILO) Impact Insurance Facility. Hereby, IIF partners with Munich Re Foundation, International Finance Corporation (IFC), Milliman, the Microinsurance Network (MiN) and Access to Insurance Initiative (A2ii) in supporting this initiative.

The high-quality online programme aims to build capacity of insurers, distributors and other market players to further develop inclusive insurance markets. Over a five-week period, the 79 participants had the opportunity to learn state-of-art insights and approaches on inclusive insurance markets, products and claims as well as responsible insurance and business viability. The participants are being engaged in the form of individual self-learning and group activities, live webinars, forum discussions and assessments.

For further information, please click here.

BlueOrchard announces USD 80 million final closing of the IIF Private Equity Sub-Fund

Swiss impact investment manager BlueOrchard Finance Ltd (BlueOrchard) is announcing the final close of the InsuResilience Investment Fund (IIF) Private Equity Sub-Fund, a first of its kind initiative to improve access to climate insurance across the developing world. 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.

Read the news release on BlueOrchard website.

Open Society’s impact investing arm, the Soros Economic Development Fund (SEDF), has committed USD 10 million to the InsuResilience Investment Fund (IIF), an initiative set up by KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and managed by BlueOrchard. 

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.”

You can access the news release on BlueOrchard website.

IIF investee Eskhata shares their lessons learnt

IIF offered technical assistance (TA) services to its then investee Eskhata Bank in Tajikistan. The client wished to launch agricultural insurance for smallholder farmers in Tajikistan. This would be first of its kind in Tajikistan, so we were moving into new and relatively unknown territory. After a year of technical services and great efforts from our client and the consultant, Eskhata decided to put the project on hold. It has been a tremendous learning opportunity for both Eskhata and IIF, and the key findings are summarised here. Should you have any questions, feel free to reach out to our TA team at CelsiusPro.

Armenia introduces agricultural insurance on the back of InsuResilience Investment Fund (IIF) and KfW support

Armenia is at the dawn of a new era. The country has introduced in October 2019 agricultural insurance to protect poor small farmers against weather and climate risks, thereby helping to make them economically more successful. The sale of the first policies recently got underway. Products are now available in six regions of the country to protect grape and apricot growing from hail, spring frost and fires. The insurance is aimed at low-income households with independent farms. In the medium term, insurance policies will be offered throughout the entire country, including other crops.

With the financial and technical support from KfW and IIF, Armenia developed agricultural insurance products. Furthermore, IIF offered additional funding for the insurance premiums from its dedicated Premium Support Facility. The government hopes that this will not only bring more stable earnings for small farmers who receive compensation from their insurance policies in the event of storms but will also improve their credit standing. This will enable small farmers to invest in their farms through loans and modernize Armenian agriculture as a whole. To read the full story, please click here.

A recent article by Business Today Nigeria says that over 1 million farmers stand to benefit from IIF Investment in Royal Exchange. To read the full story, please click here.

The InsuResilience Investment Fund, set up on behalf of the German government by KfW and managed by Swiss based Impact Investment Manager BlueOrchard Finance, will be acquiring a 39.25% stake in Lagos-based Royal Exchange General Insurance Company Limited. Royal Exchange General Insurance is one of the largest non-life insurance companies in Nigeria. Through its activities, the company is expected to reach out to more than 1 million farmers by 2025. For further information, please click here.

The InsuResilience Investment Fund, set up on behalf of the German government by KfW and managed by Swiss based Impact Investment Manager BlueOrchard Finance, will be acquiring a 39.25% stake in Lagos-based Royal Exchange General Insurance Company Limited. Royal Exchange General Insurance is one of the largest non-life insurance companies in Nigeria. Through its activities, the company is expected to reach out to more than 1 million farmers by 2025. For further information, please click here

The InsuResilience Investment Fund will invest USD 6mn in Tel Aviv-based Agritask. Agritask is a leading Ag-tech company providing data-driven decision support tools for end-to-end agronomic management of businesses throughout the agriculture eco-system. Through its global activities, the company is expected to reach out to more than 25 million farmers by 2025. For further information, please click here.

Climate insurance schemes for poor and vulnerable households and micro, small and medium enterprises – read IIF Success Stories here

InsuResilience Investment Fund to provide new set of rainfall data for parametric insurance in Latin America. For further information, please click here.

The InsuResilience Investment Fund, set up on behalf of the German government by KfW and managed by Swiss based Impact Investment Manager BlueOrchard Finance, has acquired a 26.8% stake in Noida-based Skymet Weather Services Private Ltd. Skymet is India’s largest weather monitoring and agri-risk solutions company to the insurance and financial sectors. Through its activities, the company is reaching out to more than 2,000,000 farmers. For further information, please click here.

The InsuResilience Investment Fund set up by the German development bank KFW and managed by Swiss based Impact Investment Manager BlueOrchard Finance, has entered into an agreement to acquire a significant minority stake in Lahore-based Asia Insurance Company Ltd, a general insurance company offering agriculture insurance to over 100,000 farmers in Pakistan. For further information, please click here.

The BlueOrchard managed InsuResilience Investment Fund, an evolved version of the Climate Insurance Fund, has been launched in Luxembourg as a public-private partnership. The Fund combines two separately investible Debt and Equity Sub-Funds and provides first loss protection to private investors. The mandate underlines BlueOrchard’s commitment as a leading impact investing manager. For further information, please click here.