---
title: "Riwe Secures UNDP Funding for Climate Insurance in Nigeria"
description: "Riwe has secured UNDP-backed funding to scale RAIN, offering weather insurance, real-time forecasts, and finance access for Nigerian smallholder farmers."
canonical_url: "https://liners.com/news/riwe-undp-funding-climate-insurance-nigeria"
markdown_url: "https://liners.com/news/riwe-undp-funding-climate-insurance-nigeria.md"
type: "article"
language: "en"
published_at: "2026-06-03T09:01:19.407Z"
updated_at: "2026-06-03T09:01:19.451Z"
---

# Riwe Secures UNDP Funding for Climate Insurance in Nigeria

Riwe has secured UNDP-backed funding to scale RAIN, offering weather insurance, real-time forecasts, and finance access for Nigerian smallholder farmers.

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## Content

## In Short
- Riwe secured funding and a partnership backed by UNDP, IsDB, and ISFD.
- The support will scale RAIN, a weather insurance programme for Nigerian smallholder farmers.
- Riwe says it has served 15,000+ farmers since launching in 2022.

## What Happened
Nigerian insurtech Riwe has secured funding and a partnership supported by the United Nations Development Programme, the Islamic Development Bank, and the Islamic Solidarity Fund for Development. The company says the new backing will help it expand affordable climate insurance and related financial services for smallholder farmers.

The funding supports the rollout of RAIN, short for Resilience through Affordable and Inclusive Weather Insurance. In simple terms, it bundles weather insurance, real-time weather information, and pathways to agricultural finance, so farmers can better manage climate shocks like drought and flooding.

Riwe says it has served over 15,000 farmers across Nigeria since 2022. It also participated in the Nigerian Insurers Association Innovation Lab, a programme that showcases companies building new insurance products for the local market.

A core part of Riwe’s model is what it calls a digital identity layer for farmers without formal financial histories. That means the company collects farm-level data over time and turns it into a usable profile, similar to a credit file, that can support loan applications and product eligibility decisions.

Riwe also positions itself as a risk and intelligence layer for agriculture. It combines data sources such as satellite imagery and field reports and turns them into structured risk profiles, including estimates for yield and climate exposure.

## Why It Matters
Smallholder farmers often struggle to access insurance and credit because they lack documentation and reliable risk data. Weather insurance can reduce lender risk and help farmers recover faster after climate-related losses.

If Riwe can scale data-driven underwriting, meaning pricing insurance based on measurable risk signals, it could help insurers and lenders offer more suitable products. The partnership also signals growing interest from development finance institutions in “climate resilience” fintech and insurtech models in Nigeria.

## Sources and products

- [Techpoint](https://techpoint.africa/brandpress/nigerian-insurtech-riwe-secures-undp-funding/)

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