If you’re an insurtech looking for some funding then we have good news. The European Bank for Reconstruction and Development has sent us a press release stating that eastern euopean nations will now receive backing for ESG compliant, sustainable and digital infrastructure projects. Countries include the Czech Republic, Estonia, Lithuania, Montenegro and Latvia.
Here’s an extract from the release;
“The EBRD is well positioned to help accelerate the country’s green and just economic transition to meet its 2030 energy and climate targets. Based on its Green Economy Transition approach and building on its strong track record, the Bank will combine investment in renewables with policy engagement, for instance in developing competitive and transparent auction systems. The EBRD also offers its experience in financing energy efficiency modernisation of the residential housing stock, in order to support a green transition that leaves no one behind.”
For Montenegro the EBRD notes;
“Working closely with multilateral partners such as the Western Balkans Investment Framework (WBIF), the EBRD is uniquely placed to enhance Montenegro’s integration with regional markets through the development of cross-border transport and energy networks. The EBRD also continues to support initiatives to enhance countrywide access to information and communication technologies, including to under-served populations, by exploring options to develop broadband infrastructure that reaches more remote rural areas.”
The opportunities for insurers and brokers to cover housing refurbs, new boilers, insulation, broadband roll-out, solar and wind turbine power projects etc are huge.