OECD-CEFIM Energy Savings Insurance: international focus group discussion, 14 March 2023, Virtual event

1. CLEAN ENERGY FINANCE AND
INVESTMENT MOBILISATION
Energy Savings Insurance
1
14 March, 2023
Chetna Hareesh
Kumar, Policy Analyst,
OECD (former)

2. Colombia El Salvador Mongolia
Strengths • Strong strategic partnerships among
organisations helped create demand
for ESI
• Existing contracts and methodologies
were adapted to efficiently develop
enabling tools
• Emphasis on training of ESI participants
built market capacity
• Worked with existing capacity building
initiatives to boost synergies
• The online MIS will make
administrative processes more
efficient
• Active involvement of XacBank and
Tenger Insurance via their salesforce
has played an important role in
creating this market
Weaknesses • The lack of a precedent and best
practices led to prolonged
programme development stage
• The customer base was too low due to
insufficient marketing and dissemination
Opportunities • Low claims rate allowed the local
insurance industry to gain confidence
and offer the ESI product
independently
• Existing templates and methodologies
from international experience could be
adapted to save time and resources
• Xacbank’s existing credit line can
potentially embed ESI as a
prerequisite to boost demand
Threats • Local insurance regulations restricted the
coverage and duration of the ESI
product
• Insufficient demand led to some trained
insurance companies leaving the ESI
programme
• Local insurance market lacks
experience structuring and offering
surety bonds
• COVID-19 led to significant delays in
programme implementation
ESI case studies – SWOT analysis
Source: OECD analysis

3. 3
• For more information please contact:
CEFIM@oecd.org
• Visit our website:
https://www.oecd.org/cefim/