Blue Marble Launches Climate Adaptation Project With Support From USAID

Source: Blue Marble

Blue Marble, a leading impact insurance technology (“insurtech”) company with a mission to bring insurance to the world’s financially underserved, announces a new partnership with the U.S. Agency for International Development (USAID) through USAID’s Climate Finance for Development Accelerator (CFDA).  

With a grant from USAID under CFDA’s Adaptation Finance Window, Blue Marble will scale an innovative financial product in Kenya to strengthen the climate adaptation of coffee farmers connected to global supply chains. This replicable program will work with regional financial service providers to provide access to credit and insurance services, including an innovative revenue insurance product to protect the income of farmers. The Adaptation Finance Window, launched in support of the President’s Emergency Plan for Adaptation and Resilience (PREPARE), is an effort to utilize catalytic grant funding to de-risk the development and scaling of private sector-led climate adaptation approaches in frontier and emerging markets.