Insurance Development Forum
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
Insurance Development Forum firmographics
Firmographics- Name
- Insurance Development Forum
- Legal name
- Insurance Development Forum
- Website
- https://insdevforum.org
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Insurance Development Forum industry classification
Industry- Product category
- Climate Risk Insurance
- NAICS
- Other Insurance Funds (52519), Public Administration (92)
- SIC
- Insurance Agents, Brokers & Service (6411), International Affairs (9721)
- akta.pro primary industry
- Guarantee, Insurance & Risk Mitigation Facilities (BPADACAK)
- akta.pro secondary industries
- Humanitarian-Development-Peace Nexus & Resilience Programming (BPADAEAK), Multilateral Development Banks (MDBs) (BPADACAA)
Keywords
Where Insurance Development Forum is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Insurance Development Forum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Partnership Facilitation Services: IDF does not generate revenue in a traditional commercial sense. As a public-private partnership organization, it facilitates the deployment of insurance industry expertise and capital to build resilience in climate-vulnerable countries. The organization is sustained through membership contributions from industry partners, funding from development institutions (BMZ, ISF), and in-kind contributions from member organizations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Colombia parametric agricultural insurance - shared premium financing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Insurance Development Forum product offering
Product offeringCore offering
The Insurance Development Forum (IDF) is a public-private partnership that facilitates the design and delivery of parametric insurance and risk management solutions for climate-vulnerable countries. It mobilizes over 120 member organizations from the global insurance industry together with development partners (UNDP, BMZ, World Bank, MIGA) to assemble consortium-based programs that deploy pre-arranged parametric products with satellite-verified triggers, open-source risk modelling tools, and resilient infrastructure financing across 32 countries.
Product overview
The Insurance Development Forum (IDF) operates as a public-private partnership platform rather than a single product company. Its core offering consists of the Tripartite Agreement Programme (with UNDP and BMZ), which delivers parametric insurance solutions to climate-vulnerable countries, complemented by the Global Risk Modelling Alliance (GRMA) for risk analytics capability-building, and the Infrastructure Resilience Development Fund (IRDF) for resilient infrastructure investment. The IDF also provides open-source risk modelling tools, the Parametric Solutions Atlas for visualizing global parametric solutions, and publishes research including the Increasing Insurability paper and Annual Reviews. Annual summits and working groups on Law/Regulation, Risk Modelling, Disaster Risk Reduction, Sovereign & Humanitarian Solutions, Inclusive Insurance, and Infrastructure coordinate activities across 32 countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Tripartite Agreement Programme A public-private partnership between IDF, UNDP, and Germany's BMZ through the InsuResilience Solutions Fund that delivers parametric insurance solutions, technical assistance, and risk financing to climate-vulnerable countries.
- Global Risk Modelling Alliance (GRMA) Partnership with V20 Group of Finance Ministers providing open-source risk modelling technology, risk analytics tools, and technical assistance to help countries develop local views of climate and disaster risk.
- Infrastructure Resilience Development Fund (IRDF) Fund facilitating investments in resilient infrastructure in developing and emerging markets, with first close of USD 340 million including substantial commitment from IFC and IDF members.
- Parametric Insurance Solutions Insurance products using predefined parametric triggers (rainfall levels, flood heights, wind speeds, drought indices) to automatically release funds when thresholds are exceeded, bypassing traditional damage assessments. Covers agricultural, flood, and sovereign drought risks.
- Global Resilience Index Initiative (GRII) Multi-partner initiative providing globally consistent model for resilience assessment across all sectors and geographies with open-source metrics for built environment, infrastructure, agriculture, and societal exposures.
- Integrated Disaster Risk Management Alliance (IDRIMA) Alliance formed by IDF and AFD Group (Agence Française de Développement and Expertise France) to combine expertise and financing solutions from public development banks and insurers to respond to climate risk.
- Parametric Solutions Atlas Interactive visualization tool developed by IDF Risk Modelling Steering Group showcasing parametric insurance solutions globally, with detailed case studies on parametric products worldwide.
- Open-Source Risk Modelling Tools Free, open-access risk modelling tools for climate and disaster risk analysis developed by the Risk Modelling Steering Group, including hazard modelling, exposure data systems, and parametric trigger structure design tools.
- Colombia Parametric Agricultural Insurance Parametric agricultural insurance programme covering 14,402 smallholder farmers across five departments against drought and excess rainfall, with up to US$20.14 million in coverage. First time Colombia's departmental governments utilised parametric insurance for agricultural risk management.
- Lagos State Parametric Flood Insurance Parametric flood insurance policy covering up to 4 million vulnerable people across seven local government areas of Lagos State with up to USD 7.5 million for flood response and recovery, using satellite-detected flood heights as triggers.
- Ecuador Parametric Agricultural Insurance First parametric agricultural insurance policies in Ecuador covering 2,511 smallholder rice and yellow maize producers against rainfall and drought thresholds, with plans to scale to 10,000 households.
- Dominican Republic Adaptive Social Protection Parametric Insurance Parametric insurance integrated into Dominican Republic's adaptive social protection system, covering 3,030 climate-vulnerable households enrolled in the Supérate conditional cash transfers programme with automatic triggers for excessive rainfall or strong winds.
- Syria Drought Insurance Drought insurance for Syrian farmers delivered through WFP partnership that has paid out USD 7.9 million, providing protection against severe food insecurity in three areas.
- Ghana Parametric Flood Insurance Products Two parametric insurance products delivered for flood protection in Ghana: Excess Rainfall Cover and Flood Footprint Product, targeting vulnerable households in Greater Accra Metropolitan Area.
- Ghana Sovereign Parametric Drought Insurance Sovereign parametric drought insurance purchased by Ghana through African Risk Capacity in July 2024, with $1 million premium financed by Germany's KfW and approximately $2.89 million in payouts triggered.
- Pacific Islands Parametric Excess Rainfall Cover Parametric excess rainfall cover available to 14 Pacific Island Countries, developed with JBA Risk Management using satellite-derived rainfall data for transparent, objective trigger verification.
Quantifiable outcome
- Extended financial protection to more than 4 million people in 2025
- +4 more outcomes
Companies that use Insurance Development Forum
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
Insurance Development Forum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Insurance Development Forum partnerships and signals
Strategic signalPartnerships
26 partnerships are on record, tiered core and supporting.
- World Bank GroupcoreWorld Bank is a key strategic partner supporting IDF initiatives. The IDF-World Bank Global Shield Financing Facility Knowledge Partnership was launched to share expertise and advance climate resilience finance.
- V20 Group of Ministers of FinancecoreFormal partnership signed at COP26 to build risk analytics capability in 48 climate-vulnerable countries through the Global Risk Modelling Alliance (GRMA).
- UNDP (United Nations Development Programme)coreUNDP is a co-chair of the IDF Steering Committee and core strategic partner in the Tripartite Agreement Programme. The partnership leverages UNDP's country presence and development expertise alongside IDF's insurance industry capabilities to deliver climate resilience programs in vulnerable nations.
- Guy CarpentercoreGlobal reinsurance specialist and IDF member that participated in designing parametric insurance solutions for Dominican Republic, Colombia, and other country programs.
- AXA ClimatecoreAXA's climate division and IDF member that has designed parametric insurance products for multiple country programs including Dominican Republic, Ecuador, and Lagos flood insurance.
- Blue MarblecoreInsurance program designer and IDF member that collaborated on parametric solutions for Dominican Republic and Ecuador agricultural programs.
- CelsiusProsupportingParametric insurance specialist that participated in designing the Dominican Republic adaptive social protection insurance solution.
- Swiss RecoreGlobal reinsurer and IDF member that participated in designing the Lagos parametric flood insurance policy, bringing risk modeling and reinsurance expertise.
- JBA Risk ManagementcoreRisk modeling company and IDF member that provided flood modeling expertise for the Lagos parametric flood insurance and Ecuador agricultural insurance programs.
- ICEYEsupportingSatellite technology provider that contributed to the Lagos parametric flood insurance policy with advanced flood detection and monitoring capabilities.
- African Risk Capacity LtdcoreSpecialized African insurance pool that participated in the Lagos parametric flood insurance design consortium, contributing regional expertise.
- AXA MansardsupportingLocal Nigerian insurer that participated in the Lagos parametric flood insurance consortium, providing local market presence and implementation capability.
- Hispana de SegurossupportingLocal Ecuadorian insurer implementing parametric agricultural insurance policies designed under the Tripartite Agreement Programme.
- Seguros ReservassupportingLocal Dominican Republic insurer implementing the parametric insurance solution for climate-vulnerable households in the adaptive social protection system.
- World Food Programme (WFP)coreWFP partnered with IDF to design and implement drought insurance for Syrian farmers, providing USD 7.9 million in payouts for food-insecure populations. IDF contributed technical expertise and industry connections.
- V20 Group of Ministers of FinancecoreV20 is a cooperation initiative of 48 climate-vulnerable economies. IDF partnered with V20 to establish the Global Risk Modelling Alliance and advance risk analytics capability where needed most.
- Munich RecoreGlobal reinsurer and IDF member that led the Peru public schools insurance project consortium, providing technical expertise in parametric product design.
- Hannover RecoreInternational reinsurance company and IDF member participating in the Medellín, Colombia parametric flood and earthquake insurance project.
- Willis Towers WatsoncoreGlobal advisory and broking company and IDF member that participated in the Medellín project alongside Hannover Re and Global Communities.
- AXA XLcoreAXA's large risk division and IDF member that led the Peru public schools insurance project consortium, bringing parametric product expertise.
- Global CommunitiessupportingInternational humanitarian assistance and sustainable development organization that partnered with IDF for the Medellín project to promote resilience in disaster-prone communities.
- MapActionsupportingHumanitarian mapping organization partnered with IDF to provide geospatial and information management services for anticipatory action in eight climate-vulnerable countries.
- Start NetworksupportingGlobal network of 50+ humanitarian agencies partnered with IDF for Start Ready humanitarian financing facility, using risk pooling to enable pre-arranged finance.
- Pacific Catastrophe Risk Insurance Company (PCRIC)coreRegional insurance provider for Pacific Island Countries that partnered with JBA Risk Management to develop parametric excess rainfall cover available to 14 PICs since November 2023.
- MIGA (Multilateral Investment Guarantee Agency)coreWorld Bank Group's political risk insurance arm co-chairing IDF's Steering Committee and advancing insurance-based solutions for climate resilience.
- African Climate Risk FacilitysupportingInitiative where 85 insurers have pledged $14 billion in climate coverage by 2030 to protect 1.4 billion people, announced at West African Insurance Companies Association Education Conference 2025.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Insurance Development Forum competitors and assessment
Company assessmentBroad incumbents
- Munich Re: Global reinsurer and IDF member that led the Peru public schools parametric project. Comparable as a major risk capacity provider for development-oriented parametric insurance and as a broader incumbent that IDF leverages for country program execution.
- Swiss Re: Global reinsurance leader and IDF Steering Committee member through Ivo Menzinger. Comparable as a major capital provider for IDF-facilitated parametric programs (Lagos flood, Ecuador agriculture) and as a broader incumbent in climate risk transfer markets that IDF channels country demand toward.
- Agence Française de Développement (AFD Group): French development finance institution that co-founded IDRIMA with IDF to combine public development bank and insurer expertise for climate risk response. Comparable as a development finance counterparty providing premium financing and country engagement infrastructure for IDF-aligned parametric programs.
Emerging players
- Start Network: Global network of 50+ humanitarian agencies partnered with IDF for the Start Ready anticipatory financing facility using risk pooling. Comparable as a multi-actor coordination platform using pooled/parametric structures to enable pre-arranged humanitarian finance in climate-vulnerable settings.
- Blue Marble: Parametric insurance program designer and IDF member that has collaborated on solutions for Dominican Republic, Ecuador, and Colombia. Comparable as a specialized parametric product designer operating within and alongside IDF's country engagement model.
- CelsiusPro: Parametric insurance specialist and IDF partner that co-designed the Dominican Republic adaptive social protection insurance solution. Comparable as a focused parametric structuring firm serving climate-vulnerable markets, often via IDF consortium arrangements.
Direct peers
- Centre for Disaster Protection: UK-based organization focused on pre-arranged disaster risk finance and insurance solutions for vulnerable countries. Directly comparable mission, operating model (public-private coordination), and target beneficiary governments as IDF.
- Caribbean Catastrophe Risk Insurance Facility (CCRIF): Regional parametric insurance facility for Caribbean governments providing tropical cyclone, earthquake, and excess rainfall coverage. Operates a structurally similar sovereign parametric insurance model in a comparable geography (Caribbean/Latin America) to IDF's country engagements.
- African Risk Capacity (ARC): Specialized African parametric insurance pool providing drought and tropical cyclone coverage to African Union member states. Directly comparable as a sovereign-level parametric insurance platform coordinating public and reinsurance capital for climate-vulnerable governments, including in countries where IDF also operates (e.g., Nigeria, Ghana).
- Pacific Catastrophe Risk Insurance Company (PCRIC): Regional parametric insurance provider for Pacific Island Countries offering tropical cyclone and excess rainfall cover. Listed as an IDF partner for Pacific parametric solutions and directly comparable as a multi-country sovereign parametric platform using satellite-based triggers for climate resilience.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Insurance Development Forum social profiles
Digital presenceInsurance Development Forum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insurance Development Forum leadership team
Management profileNumber of profiles
Profiles7 records
Insurance Development Forum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insurance Development Forum M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Insurance Development Forum
What does Insurance Development Forum do?
The Insurance Development Forum (IDF) is a public-private partnership that facilitates the design and delivery of parametric insurance and risk management solutions for climate-vulnerable countries. It mobilizes over 120 member organizations from the global insurance industry together with development partners (UNDP, BMZ, World Bank, MIGA) to assemble consortium-based programs that deploy pre-arranged parametric products with satellite-verified triggers, open-source risk modelling tools, and resilient infrastructure financing across 32 countries.
Is Insurance Development Forum a public or private company?
Insurance Development Forum is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Insurance Development Forum founded?
Insurance Development Forum was founded in 2015. It employs 1 to 10 people.
Where is Insurance Development Forum based?
Insurance Development Forum is headquartered in London, United Kingdom, in the Europe region.
How does Insurance Development Forum make money?
One revenue line is on record: partnership Facilitation Services.
Who are Insurance Development Forum's main competitors?
Broad incumbents on record are Munich Re, Swiss Re and Agence Française de Développement (AFD Group). Emerging players are Start Network, Blue Marble and CelsiusPro. Direct peers are Centre for Disaster Protection, Caribbean Catastrophe Risk Insurance Facility (CCRIF), African Risk Capacity (ARC) and Pacific Catastrophe Risk Insurance Company (PCRIC).
Does Insurance Development Forum have an API?
No public API is recorded for Insurance Development Forum.
What industry is Insurance Development Forum in?
Insurance Development Forum's product category is Climate Risk Insurance. Its primary akta.pro industry code is BPADACAK, Guarantee, Insurance & Risk Mitigation Facilities, with a secondary code of BPADAEAK, Humanitarian-Development-Peace Nexus & Resilience Programming. Its NAICS code is 52519 and its SIC code is 6411.