BlueOrchard Reaches USD 100 M Target to Expand Climate Insurance Access

Swiss impact investment manager BlueOrchard Finance has hit USD 100 M in commitments for its second climate insurance fund, InsuResilience Investment Fund II (IIF PE II), reaching its fundraising target size.

Backed by German development bank KfW and other institutional investors, the fund focuses on private equity investments in companies providing climate insurance solutions to underserved communities in Asia and Africa, where millions remain financially unprotected against the growing risks of extreme weather.

The announcement comes at a time when the financial toll of climate change is escalating. In 2024 alone, insurers paid out USD 140 B in natural disaster claims, one of the highest amounts in four decades. Yet despite these staggering numbers, an estimated 60% of global catastrophe losses remain uninsured, leaving millions exposed to financial devastation. The problem is especially acute in emerging markets, where a single climate-related event can wipe out livelihoods and trap entire communities in poverty.

Since launching in 2022, IIF PE II has already deployed 60% of its capital, backing companies that are reshaping how climate risk is managed. Among them is Ghana-based Fido, a fintech company expanding financial services for the unbanked to create new pathways for economic resilience.

For Martin Diaz Plata, Head of Private Equity at BlueOrchard, these investments reflect a broader strategy to strengthen climate resilience. “Insurance is a pivotal instrument in protecting vulnerable individuals, businesses, and communities,” he said, emphasizing the need for solutions that go beyond traditional insurance models.

BlueOrchard’s deep experience in impact investing has positioned it as a leader in financial inclusion and climate resilience. Since its founding in 2001, the firm has invested over USD 11 B across 100+ countries, supporting projects that drive financial inclusion and economic resilience. The success of its first InsuResilience fund, which closed in 2020 at USD 80 M, set the stage for this second fund, attracting commitments from British International Investment, the Nordic Development Fund, the European Investment Bank, and Schroders Group, which owns BlueOrchard.

With nearly 70 million people across 60 growth-market countries already benefiting from these investments, the firm sees this as only the beginning. Philipp Müller, CEO of BlueOrchard, highlighted the long-term vision, stating, “We remain committed to supporting innovation and growth in climate insurance, ensuring that financial protection reaches those who need it most.”

As climate risks continue to rise, so does the urgency to close the insurance gap. While insurance cannot prevent natural disasters, it can ensure that those affected have the financial means to rebuild. Through IIF PE II, BlueOrchard is not just financing businesses—it’s helping to create a future where more people, no matter their circumstances, have access to the protection they need.