Finance and insurance solutions Global Shield Solutions Platform (GSSP)
Contributors to the GSSP are Denmark, France, Germany, Luxembourg and Ireland, the EU Commission and the V20 (External link) (Vulnerable Twenty, an alliance of about 70 countries particularly vulnerable to climate change). The GSSP is managed by the Frankfurt School of Finance & Management.
The Platform provides targeted support to the development and use of Climate and Disaster Risk Finance and Insurance (CDRFI) solutions, with the goal of mitigating losses and damages caused or exacerbated by climate change.
The GSSP acts as a neutral platform, bringing together governments and a diverse range of CDRFI implementation partners, including actors from academia, non-governmental organisations, civil society organisations and the private sector, such as the insurance industry.
The GSSP provides both financial grants and advice – via country support packages and via global and regional programmes, with the purpose of helping to improve the range of CDRFI solutions available.
Based on the needs identified in the Global Shield country process, the GSSP supports the development and implementation of tailor-made solutions to provide financial protection against climate risks. The example of Ghana shows the positive effect of this support. On behalf of the BMZ, the GSSP and KfW Development Bank jointly financed the premium for the first drought insurance which Ghana took out with the African Risk Capacity (ARC). Following a severe drought, two disbursements were triggered in 2024 and 2025 totalling nearly three million US dollars.
First global and regional programme: Global Shield Programme for Resilient Risk Pools (GSRRP)
The GSRRP strengthens regional risk pools and their mutual cooperation. It assists them in enhancing their products and developing their capacity, with a view to being able to provide quicker and more predictable financial assistance in response to disasters.
The four regional risk pools – in Central America and the Caribbean (CCRIF SPC (External link)), Africa (ARC Ltd. (External link)), the Pacific (PCRIC (External link)) and South-East Asia (SEADRIF (External link)) – are eligible to request support under the GSRRP. They can then receive support from the GSSP in areas such as research and capacity building, product development and enhancement, and premium support.
As at: 30/09/2026