BLUE ORCHARD RESILIENCE FUND

Promoter – Financial Intermediary

BLUEORCHARD ASSET MANAGEMENT (LUXEMBOURG) SA

Location

• Regional - Africa
• Regional - Asia
• Regional - Latin America

Description

The project consists of an equity participation of up to USD 25 m in Blue Orchard InsuResilience Investment Equity Sub-Fund, targeting climate change adaptation and resilience high growth innovative companies operating in the insurance industry. To this end, the Fund will invest in both insurers that invest in and make use of technology and digital technology companies developing solutions for the insurance industry (so-called Insuretech). The Fund will target investments in key countries in Africa, Asia and Latin America.

Objectives

The Fund will invest growth equity in private companies and insurance companies, frequently with an important technology component, that provide data, tech-enabled services and products to manage the risks and impacts being amplified by climate change. These services and products are needed to build out the necessary infrastructure so that vulnerable populations and companies have the ability to protect themselves and take adaptation and resilience requirements into account as part of their investment decisions.

Comments

Under appraisal

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

USD 25 million (EUR 23 million)

Total cost (Approximate amount)

USD 100 million (EUR 91 million)

Environmental aspects

It will be ensured that the project meets the EIB social and environmental standards. It has to be noted that Blue Orchard has become very experienced in environmental, social and governance procedures due its strong relationships with other development finance institutions.

Procurement

N/A

Status

Signed - 20/12/2019