Insurance Development Forum

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

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

• Parametric insurance solutions
• Climate risk financing
• Disaster risk management
• Public-private partnership
• Risk modelling tools

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core 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

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

26 partnerships are on record, tiered core and supporting.

• World Bank GroupcoreStrategic or Co-development Partner · 3 November 2021World 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 FinancecoreStrategic or Co-development Partner · 3 November 2021Formal 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)coreStrategic or Co-development Partner · 12 December 2015UNDP 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 CarpentercoreStrategic or Co-development PartnerGlobal reinsurance specialist and IDF member that participated in designing parametric insurance solutions for Dominican Republic, Colombia, and other country programs.
• AXA ClimatecoreStrategic or Co-development PartnerAXA'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 MarblecoreStrategic or Co-development PartnerInsurance program designer and IDF member that collaborated on parametric solutions for Dominican Republic and Ecuador agricultural programs.
• CelsiusProsupportingStrategic or Co-development PartnerParametric insurance specialist that participated in designing the Dominican Republic adaptive social protection insurance solution.
• Swiss RecoreStrategic or Co-development PartnerGlobal reinsurer and IDF member that participated in designing the Lagos parametric flood insurance policy, bringing risk modeling and reinsurance expertise.
• JBA Risk ManagementcoreStrategic or Co-development PartnerRisk modeling company and IDF member that provided flood modeling expertise for the Lagos parametric flood insurance and Ecuador agricultural insurance programs.
• ICEYEsupportingTechnology or IntegrationSatellite technology provider that contributed to the Lagos parametric flood insurance policy with advanced flood detection and monitoring capabilities.
• African Risk Capacity LtdcoreStrategic or Co-development PartnerSpecialized African insurance pool that participated in the Lagos parametric flood insurance design consortium, contributing regional expertise.
• AXA MansardsupportingChannel Partner/ Reseller/ DistributorLocal Nigerian insurer that participated in the Lagos parametric flood insurance consortium, providing local market presence and implementation capability.
• Hispana de SegurossupportingChannel Partner/ Reseller/ DistributorLocal Ecuadorian insurer implementing parametric agricultural insurance policies designed under the Tripartite Agreement Programme.
• Seguros ReservassupportingChannel Partner/ Reseller/ DistributorLocal Dominican Republic insurer implementing the parametric insurance solution for climate-vulnerable households in the adaptive social protection system.
• World Food Programme (WFP)coreStrategic or Co-development PartnerWFP 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 FinancecoreStrategic or Co-development PartnerV20 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 RecoreStrategic or Co-development PartnerGlobal reinsurer and IDF member that led the Peru public schools insurance project consortium, providing technical expertise in parametric product design.
• Hannover RecoreStrategic or Co-development PartnerInternational reinsurance company and IDF member participating in the Medellín, Colombia parametric flood and earthquake insurance project.
• Willis Towers WatsoncoreStrategic or Co-development PartnerGlobal advisory and broking company and IDF member that participated in the Medellín project alongside Hannover Re and Global Communities.
• AXA XLcoreStrategic or Co-development PartnerAXA's large risk division and IDF member that led the Peru public schools insurance project consortium, bringing parametric product expertise.
• Global CommunitiessupportingImplementation/ SI/ Consulting PartnerInternational humanitarian assistance and sustainable development organization that partnered with IDF for the Medellín project to promote resilience in disaster-prone communities.
• MapActionsupportingImplementation/ SI/ Consulting PartnerHumanitarian mapping organization partnered with IDF to provide geospatial and information management services for anticipatory action in eight climate-vulnerable countries.
• Start NetworksupportingStrategic or Co-development PartnerGlobal 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)coreStrategic or Co-development PartnerRegional 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)coreStrategic or Co-development PartnerWorld Bank Group's political risk insurance arm co-chairing IDF's Steering Committee and advancing insurance-based solutions for climate resilience.
• African Climate Risk FacilitysupportingStrategic or Co-development PartnerInitiative 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

Broad 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

• LinkedInlinkedin.com/company/insdevforum
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Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Insurance Development Forum