Premium support has become, in recent years, a key component of support in disaster risk finance. The InsuResilience Solutions Fund (ISF) has witnessed an increase in the request for premium support as part of its product development support, leading to the expansion of the ISF support for dedicated premium financing in 2021.
With the launch of the Global Shield Solutions Platform (GSSP) in 2023, the offer extended from an insurance-focused premium financing support to a broader Climate and Disaster Risk Finance and Insurance (CDRFI) approach, yet insurance premium support is expected to be key component of the Global Shield country support programmes. Due to fiscal limitations of governments premium subsidies have been a systematic component of countries´ Requests for CDRFI Support so far. This signals a need to reflect on criteria for premium support and more broadly on the main drivers for premium support.
Following the presentation of the Concept Note on Operationalising the SMART Principles at the Climate Risk Finance Forum 2025 and the valuable feedback received in the room, the initial concept note was refined into a more robust Consultation Paper. It articulates a systematic approach to the further operationalisation of premium support to ensure it is effective, efficient, and sustainable.
We now launch the paper for broader consultation through a structured template, inviting feedback on topics where no consensus has been reached. This open process aims to gather insights from across the international community—particularly where consensus on the SMART Principles is still evolving.
Your contributions will directly inform the development of a final paper that aims to further operationalise the SMART Principles and build broader consensus on the essential design elements of premium support, through gathering constructive recommendations.
You will find the full report here: