UNDP is collaborating with government and industry stakeholders, including BIOFIN, on an Insurance Innovation Challenge to protect biodiversity through insurance in Colombia.
- Insurers, reinsurers, microfinance companies, conservation organizations and other key players in the sector innovate to support the sustainability and resilience of ecosystems and communities
- Successful projects to date insure the results of investments in conservation projects, habitat banks and protected areas and protect páramo ecosystems against fires through parametric insurance.