ILO and IIF partnered up for 2019’s Impact Insurance Academy

InsuResilience Investment Fund (IIF) is proud sponsor of ILO’s 2019’s Impact Insurance Academy. The weeklong training took place in Turin, Italy. IIF sponsored the participation of eight IIF investees from across the continents: Ecuador, Nigeria, Kenya, Zimbabwe, Israel, Armenia, Pakistan, India. More than 60 Academy participants assisted on lectures and elective courses on insurance. IIF’s chair Stefan Hirche, CelsiusPro’s Alban Desnos and Blue Orchard’s Veronika Giusti-Keller jointly presented on “Impact Insurance for Climate Change Adaptation”. Blue Orchard’s Ernesto Costa introduced IIF fund during the Investors’ Roundtable. At the end of the Academy, Stefan Hirche presided a diner for all IIF investees participating in the Academy – a nice occasion to network and share experience amongst IIF investees.

Testimonies from IIF participants:

Ndumiso Mpofu, Programme Director: Agricultural Finance, VisionFund International
“My biggest take home was digitization as an enabler for scaling up. We have been discussing digitization in my organisation, but it was encouraging to see how others have already implemented and realized results from digitization. A second take home was on the need to get the product right before scaling. We need to understand the local context and ensure that our product responds to the local context.”

Chukwuma Kalu, Head, Agribusiness & Business Development, Royal Exchange General Insurance Company Ltd.
“It was a very insightful workshop and participants were well exposed to opportunities in the Emerging Customer/Insurance resilience landscape.”

 

About the InsuResilience Investment Fund (IIF):

The InsuResilience Investment Fund, formerly known as Climate Insurance Fund, is an initiative created 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 poor and vulnerable households as well as micro, small and medium enterprises (MSME) to extreme weather events.

The InsuResilience Investment Fund has been set up as a public-private-partnership. It combines Private Debt and Private Equity investments in two separately investible Sub-Funds, open for private investors from July 1, 2017. Technical assistance and premium support facilities complement the IIF and are separately funded by BMZ.

Visit IIF on www.insuresilienceinvestment.fund

About CelsiusPro:

Swiss Insurtech company CelsiusPro specializes in providing parametric insurance solutions to mitigate the risks of adverse weather and natural disasters. CelsiusPro’s consulting services include feasibility studies, product design, insurance scheme design, individual risk assessments, process digitalization and education services.