Presentation Fin4Ag S54 by Stefan W. Hirche

1. Climate Insurance Fund
Session [S54] Weather risk management and agricultural finance
Stefan W. Hirche, Director
fin4ag: Revolutionising finance for agri-value chains
Nairobi
17 July 2014

2. Overview
• Two main objectives
• Improving access to and the use of insurance in developing countries,
contributing to climate change adaption
• Reducing the vulnerability of MSME and low-income households to extreme
weather events
• The Climate Insurance Fund provides investments and linked technical
support to qualified insurance and re-insurance companies in ODA
recipient countries that offer insurance solution against extreme weather
events/natural catastrophes or agricultural insurance
• Fund Structure
• The Fund is part of the Climate Adaption Platform PCC, based in Mauritius
• Project of German Development Cooperation, financed by the German
Federal Ministry for Economic Cooperation and Development (BMZ) through
KfW Development Bank
• Set up in December 2013

3. Shareholder and Business Partner
• Swiss Re Group is a leading wholesale provider
of reinsurance, insurance and other insurance-
based instruments
• Global client base across all lines of business
which consists of consists of insurance
companies, mid-to-large-sized corporations
and public sector clients.
• Provision of standard products to tailor-made
coverage across all lines of business
• Promotional bank of the Federal Republic of
Germany
• As part of KfW Group, KfW Development Bank
helps to promote the economy, reduce
poverty and provide people with health care,
education and a future
• 80 offices and representations worldwide
• In 2013, KfW Group committed a total
financing volume of EUR 72.5 billion
• Best long-term ratings: AAA/Aaa/AAA

4. Fund Investees
• Investee eligibility criteria for an investment
• High commitment to improving access to climate insurance
• Professional management and transparent and adequate corporate
governance structures
• Compliance with local insurance regulations and applicable laws
• Sound financial performance
• Compliance with ESG standards in the country, respecting the
principles of responsible finance
• Benefits for our investees
• Availability of growth capital
• Diversified refinancing or shareholder structure
• Cooperation with a reliable partner institution (experienced financial
sector shareholder, clear development mission)
• Improved access to re-insurance opportunities

5. Products and Services of the Fund
(1) Financing: Broad range of financial instruments with flexible terms and
conditions
a. Direct loans, equity participations or mezzanine investments,
contingency loans, guarantees
b. Target maturity: 6 to 120 month
c. Target investment size: USD 0.5-3 million
(in exceptional cases of up to USD 5 million)
d. Currency: USD or local currency
e. Return expectations: double bottom-line investment
(2) Technical assistance finance
(3) Limited, product start-up premium support for insurance clients

6. Contact
• Necessary details for consideration as an investee
• Name and address of the institution
• Corporate profile of your institution (shareholder structure, brief
history, business model, portfolio, staffing, mission)
• Information on legal status and licensing
• Audited financial statements of last three years
• Information on product portfolio:
type of insurance that is offered, link to natural catastrophe or
agricultural insurance, link to MSME/low-income households
• Brief proposal of envisaged cooperation with Climate Insurance Fund
• Contact persons
Susanne Feser: Susanne.Feser@climateinsurancefund.com
Stefan W. Hirche: Stefan.Hirche@climateinsurancefund.com
www.climateinsurancefund.com