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Case Study

Nature Restoration & Conservation Insurance Initiative

COUNTRY/REGION

Global

START - END DATE

2022 - Ongoing

REALM

Terrestrial

SCOR’s Nature Restoration and Conservation Insurance Initiative offers innovative reinsurance solutions supporting nature-resilient projects that address climate change, food and water security, and sustainable agriculture. The flagship Ecological Restoration Insurance Solution aims to bridge financing gaps for restoration projects by de-risking investment opportunities for public and private stakeholders.

The solution comprises three products aligned with ecosystem recovery stages: “Restore” for initial recovery implementation, “Manage” for ongoing maintenance, and “Conserve” (forthcoming) for long-term integrity preservation. Developed in collaboration with the Society for Ecological Restoration, the initiative employs a standards-based due diligence process requiring projects to achieve a minimum “A” grade to qualify for coverage across diverse terrestrial biomes.

Insurance trigger type

The mechanism by which an insurance payout or financial response is activated

Indemnity

Insurance scheme target

Beneficiary of Insurance Scheme

Land Managers

Insurance scheme developer

The type of institution(s) providing insurance or guarantees

Private

Insured risk

The primary category of risk addressed or managed by the insurance solution.

Risk to Natural Assets and Ecosystems

Insurance product type

Adapted from UNEP FI framework subcategories

Insurance for conservation, restoration and NbS delivery, implementation, performance and management