Finance and insurance solutions InsuResilience Investment Fund (IIF) & InsuResilience Investment Fund Private Equity II (IIF PE II)
The purpose of the IIF is to give people in developing countries better access to climate insurance. Its work focuses particularly on micro, small and medium-sized enterprises (MSMEs), smallholder farmers and low-income households.
More information on the two funds can be found on their website (External link).
Loans and equity
The funds are based on two complementary instruments which invest in regions where climate risk insurance is not yet available or still under development. The IIF provides loans to, and makes equity investments in, financial institutions and insurers in these countries, enabling them to offer insurance to their clients against the impacts of climate change. The IIF PE II is limited to equity investments along the insurance value chain.
Investing in technological infrastructure
In addition to investing in traditional insurance, the IIF also invests in providers of technologies, such as data platforms for climate information, weather stations, and other relevant infrastructure. These technologies are essential to modern agriculture and to well-functioning index-based insurance products.
In India, for instance, the Fund's investments have helped to set up automated weather stations and other services for weather insurance in rural districts.
Technical advice and premium support
In addition to funding, the funds also offer comprehensive technical advice to their partners. This expertise is key to developing and improving needs-driven climate risk insurance products and establishing them in the market. Furthermore, the IIF can offer premium support in the start-up phase in order to facilitate access.
Public-private partnership project
The funds are public-private partnership projects: in addition to public funding, for instance from German Financial Cooperation (concessional funding) and the European Investment Bank (commercial funding), they also rely on private investment, for example from the Open Society Foundation and from European insurance companies. Forty-three per cent of the funds' capital comes from private investors who would possibly not have dared enter the insurance markets in developing countries without the activities of KfW Development Bank.
By the end of 2025, the two funds had
- provided 62 loans worth a total of over 243 million US dollars to 37 financial institutions,
- made equity investments amounting to about 125 million US dollars in 18 enterprises, and
- provided more than 81.6 million poor and vulnerable people with cover against weather risks.
Germany also uses the IIF PE II to support the world's market leader on area yield index insurance programmes for smallholders in emerging economies, Pula (External link). Pula's products are helping millions of smallholders to increase their resilience to climate risks and optimise their farming practices.
As at: 30/09/2026