Restoration Insurance Service Company (RISCO)

The Restoration Insurance Service Company (RISCO) is a social enterprise piloting a model in the Philippines and Vietnam to protect mangroves by monetizing their flood reduction and carbon sequestration values. RISCO generates revenue through annual fees paid by insurance companies for reduced risk exposure and the sale of blue carbon credits. The model aims to benefit coastal communities, asset owners, and insurance companies, with Kenya identified as a potential site for replication in Africa due to its mangrove cover and growing non-life insurance market.

• RISCO operates as a social enterprise that funds mangrove conservation and restoration by modeling the value of flood reduction and charging insurance companies an annual fee for these services, while also selling blue carbon credits to meet voluntary or regulatory standards.
• Currently in a pilot phase in the Philippines and Vietnam, RISCO faces three primary barriers: identifying sites with enough mangrove cover to justify development, finding regions with adequate insurance penetration, and securing legal rights to blue carbon credits.
• Kenya is identified as a suitable location for replicating the RISCO model in Africa because it possesses the necessary mangrove cover, coastal assets, and a growing non-life insurance market.

APA

Climate Policy Initiative (2021). Restoration Insurance Service Company (RISCO). https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/restoration-insurance-service-company-risco-2/

Chicago

Climate Policy Initiative. Restoration Insurance Service Company (RISCO). 2021. https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/restoration-insurance-service-company-risco-2/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Restoration Insurance Service Company (RISCO) |date=16 September 2021 |url=https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/restoration-insurance-service-company-risco-2/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2021restoration, author = {{Climate Policy Initiative}}, title = {{Restoration Insurance Service Company (RISCO)}}, institution = {Climate Policy Initiative}, year = {2021}, month = sep, url = {https://www.climatepolicyinitiative.org/gca-africa-adaptation-finance/case_studies/restoration-insurance-service-company-risco-2/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }