Klimaversicherungsfonds III (Kaukasus Fenster) (BM) Climate Insurance Fund III (Caucasus window) (Accompanying Measures) Entwicklungsländer (EL) sind besonders stark von der Zunahme von Umweltkatastrophen in Folge des Klimawandels betroffen und erleiden gemessen an ihrer Wirtschaftskraft höhere Verluste aufgrund von Naturkatastrophen als OECD-Länder. Zu Versicherungslösungen, welche zur Bewältigung der wirtschaftlichen Folgen von Unwetterkatastrophen beitragen und eine Anpassung an den Klimawandel erleichtern könnten, haben Haushalte, Unternehmen und öffentliche Gebietskörperschaften in EL in der Regel keinen oder nur geringen Zugang. Als Beitrag zur Klimaanpassung hat die deutsche G7-Präsidentschaft 2015 daher die InsuResilience-Initiative, gefolgt von der G20 InsuResilience Global Partnership, ins Leben gerufen. Der InsuResilience Investment Fund (IIF, zuvor firmierte er als Climate Insurance Fund) ist ein Beitrag der deutschen Finanziellen Zusammenarbeit (FZ) zu dieser Initiative. Der IIF verfolgt das Ziel, die Kapazitäten in EL zum Umgang mit Folgen und zur Anpassung an den Klimawandel zu erhöhen, indem das Angebot und die Nutzung von Extremwetterversicherungen verbessert werden. Diese helfen, die Folgekosten und damit einhergehende finanzielle und teils existentielle Risiken für arme und vulnerable Betroffene (wie Niedrigeinkommenshaushalte, Mikrofinanzkunden und landwirtschaftliche Betriebe in EL) zu mindern. Zudem verfolgt der Fonds die Weiterentwicklung der Versicherungsprodukte bei Investitionsnehmern, um zusätzliche Anreize für Anpassungsmaßnahmen an den Klimawandel zu setzen.Um diese Ziele zu erreichen, vergibt der IIF Eigenkapitalbeteiligungen sowie Darlehen, Garantien oder sogenannte Contingency Loans an Versicherungen bzw. mit ihnen arbeitende Intermediäre (bspw. Makler und Finanzinstitutionen). Flankierend zu den Finanzierungsmaßnahmen werden Beratungs- und Trainingsmaßnahmen für die Entwicklung bedarfsgerechter Versicherungen, der Stärkung der Investitionsnehmer, zur Gestaltung einfacher, verständlicher und fairer Versicherungspolicen im Sinne des Responsible Finance sowie ggf. Maßnahmen zur Förderung der finanziellen Grundbildung der Versicherungsnehmer (Financial Literacy) finanziert. Um den Aufbau von finanziell nachhaltigen Versicherungslösungen für Extremwetterrisiken zu ermöglichen, wird der IIF wenn nötig auch die Marktentwicklung im Rückversicherungsbereich unterstützen. Um die Neueinführung von Versicherungsprodukten zu unterstützen, wird der Fonds zusätzlich zeitlich befristet und in begrenztem Umfang Mittel zur Verbilligung der Versicherungsprämien für Endversicherte bereitstellen. Das Kaukasus-Fenster selbst unterstützt die Einführung eines landesweiten Agrarversicherungssystems in Armenien als Teil des sozialen Sicherungssystems sowie den Vertrieb von Agrarversicherungen über die georgische Credo-Bank. Developing countries (DC) are particularly affected by the increase in environmental disasters as a result of climate change and suffer higher losses due to natural disasters relative to their economic strength than OECD countries. Households, businesses and public authorities in DCs generally have little or no access to insurance solutions that could help manage the economic consequences of severe weather disasters and facilitate adaptation to climate change. As a contribution to climate adaptation, the German G7 presidency therefore launched the InsuResilience Initiative in 2015, succeeded by the G20 InsuResilience Global Partnership. The InsuResilience Investment Fund (IIF, previously called the Climate Insurance Fund) is a contribution of German Financial Cooperation (FC) to this initiative. The IIF aims to increase capacity in DC to deal with impacts and adapt to climate change by improving the supply and use of extreme weather insurance. These help mitigate the costs of consequences and associated financial and sometimes existential risks for poor and vulnerable affected people (such as low-income households, microfinance clients, and farms in DCs). In addition, the Fund is pursuing the further development of insurance products among investees to provide additional incentives for climate change adaptation measures.To achieve these goals, the IIF provides equity investments as well as loans, guarantees or so-called contingency loans to insurance companies or intermediaries working with them (e.g. brokers and financial institutions). In addition to the financing measures, advisory and training measures are financed for the development of needs-oriented insurance policies, the empowerment of investment recipients, the design of simple, understandable and fair insurance policies in the sense of responsible finance, and, if necessary, measures to promote the basic financial education of policyholders (financial literacy). To enable the development of financially sustainable insurance solutions for extreme weather risks, the IIF will also support market development in the reinsurance sector where necessary. In order to support the introduction of new insurance products, the Fund will additionally provide temporary and limited funding to reduce insurance premiums for end-insureds.The Caucasus Window itself supports the introduction of a nationwide agricultural insurance system in Armenia as part of the social security system, as well as the distribution of agricultural insurance through Georgia's Credo Bank. Ziel des Vorhabens ist es, Unternehmen und Haushalten in Entwicklungsländern, die Anpassung an den Klimawandel durch Verbesserung des Zugangs zu adäquaten Versicherungslösungen zu erleichtern. Developing countries (DC) are particularly affected by the increase in environmental disasters as a result of climate change and suffer higher losses due to natural disasters relative to their economic strength than OECD countries. Households, businesses and public authorities in DCs generally have little or no access to insurance solutions that could help manage the economic consequences of severe weather disasters and facilitate adaptation to climate change. As a contribution to climate adaptation, the German G7 presidency therefore launched the InsuResilience Initiative in 2015, succeeded by the G20 InsuResilience Global Partnership. The InsuResilience Investment Fund (IIF, previously called the Climate Insurance Fund) is a contribution of German Financial Cooperation (FC) to this initiative. The IIF aims to increase capacity in DC to deal with impacts and adapt to climate change by improving the supply and use of extreme weather insurance. These help mitigate the costs of consequences and associated financial and sometimes existential risks for poor and vulnerable affected people (such as low-income households, microfinance clients, and farms in DCs). In addition, the Fund is pursuing the further development of insurance products among investees to provide additional incentives for climate change adaptation measures.To achieve these goals, the IIF provides equity investments as well as loans, guarantees or so-called contingency loans to insurance companies or intermediaries working with them (e.g. brokers and financial institutions). In addition to the financing measures, advisory and training measures are financed for the development of needs-oriented insurance policies, the empowerment of investment recipients, the design of simple, understandable and fair insurance policies in the sense of responsible finance, and, if necessary, measures to promote the basic financial education of policyholders (financial literacy). To enable the development of financially sustainable insurance solutions for extreme weather risks, the IIF will also support market development in the reinsurance sector where necessary. In order to support the introduction of new insurance products, the Fund will additionally provide temporary and limited funding to reduce insurance premiums for end-insureds.The Caucasus Window itself supports the introduction of a nationwide agricultural insurance system in Armenia as part of the social security system, as well as the distribution of agricultural insurance through Georgia's Credo Bank.