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Design Phase

Case Study

Páramo Wildfire Insurance

COUNTRY/REGION

Colombia

START - END DATE

2026 - Ongoing

REALM

Terrestrial

Parametric insurance under development to protect páramo ecosystems against wildfire, linked to conservation finance and water funds.

Insurance trigger type

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

Parametric/Index

Insurance scheme target

Beneficiary of Insurance Scheme

Unknown

Insurance scheme developer

The type of institution(s) providing insurance or guarantees

Public-Private-Partnership

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 of natural assets

Partners:

UNDP, Sura, WWF Colombia

Referred by:

UNDP