The fund will focus on private equity investments in companies providing climate insurance solutions to underserved communities in Asia and Africa.

With backing from German development bank KfW and other institutional investors, IIF PE II aims to address the growing financial protection gap related to climate change. In 2024, insured losses from natural disasters reached $140 billion globally, yet an estimated 60% of catastrophe losses remain uninsured, particularly in emerging markets.

Since its launch in 2022, IIF PE II has already deployed 60% of its capital, investing in companies like Fido, a Ghana-based fintech firm expanding financial services access for unbanked populations. These investments reflect BlueOrchard’s strategy to strengthen climate resilience in vulnerable communities.

Martin Diaz Plata, Head of Private Equity at BlueOrchard said: “Insurance is a pivotal instrument in protecting vulnerable individuals, businesses, and communities.”