InnSure develops climate risk insurance products that incentivize community resilience investments and promote nature-positive practices to address the growing protection gap faced by vulnerable communities. By leveraging a collaborative ecosystem of industry leaders, the company aims to enhance financial protection against climate-related risks and facilitate the transition to a low-carbon economy.
Funding
Funding not disclosed
Founders
Product
Problem
Vulnerable communities face a growing protection gap against climate-related risks, while traditional insurance models often fail to incentivize resilience investments or promote nature-positive practices. The increasing frequency and severity of climate disasters disproportionately affect these communities, leaving them with limited financial resources for recovery and adaptation.
Solution
InnSure develops climate risk insurance products designed to incentivize community resilience investments and promote nature-positive practices. The company fosters a collaborative ecosystem of industry leaders to enhance financial protection against climate-related risks and facilitate the transition to a low-carbon economy. InnSure's approach involves connecting stakeholders, facilitating learning, and developing solutions that address the challenges of climate change. The company's R&D platform accelerates the validation of climate-relevant data for loss modeling, while its community-embedded resilience initiatives aim to make society more resilient to climate change.
Target Audience
InnSure targets insurance providers seeking innovative products that support sustainable initiatives, climate-focused startups seeking guidance, and individuals looking to incentivize climate action.
Features
- Climate Risk Insurance Sandbox (CRIS): An R&D platform to accelerate the validation of climate-relevant data for loss modeling.
- Community Embedded Resilience programs: Initiatives focused on building climate resilience within vulnerable communities.
- Collaborative ecosystem: A network of industry leaders, forward thinkers, and innovative talent working together to develop climate-friendly insurance solutions.
- Connect
- Learn
- Solve methodology: A framework for generating bold solutions that push the boundaries of what's possible in climate risk insurance.
- Focus on affordable and accessible coverage: Working towards providing comprehensive coverage of the total cost of risk across longer-term time horizons.
- Incentives for cleaner technologies: Collaborating with insurance partners to develop incentives that accelerate the transition to renewable energy, electric vehicles, and carbon capture.
- Promotion of nature-positive practices: Developing insurance products that mitigate risks from the loss of natural systems.