Ocean Risk and Resilience Action Alliance (ORRAA)
Enriched Philanthropic Network · Found: 2026-03-10 13:22
Alliance driving USD 500M investment into coastal and ocean natural capital by 2030, convening philanthropies, governments, insurance sector, and private investors to develop innovative financial instruments including coral reef insurance.
Source: https://oceanriskalliance.org/
Funding Details
- Funder
- Government of Canada + ORRAA Secretariat (Ocean Risk & Resilience Action Alliance)
- Funding Goal
- Finance next-generation innovative coastal and ocean finance and insurance products. Grants for innovative ocean finance product development including insurance-linked and blended finance approaches. NGOs, think tanks, and civil society organisations are explicitly eligible.
- Funding Amount
- Not specified in current materials — prior rounds provided project grants for concept and pilot development. Grant amounts vary based on project scope.
- Deadline
- Previous call closed; watch for new call 2026 (periodic)
- How to Apply
- Watch oceanriskalliance.org for new call announcement. Contact info@oceanriskalliance.org to express interest and learn about upcoming opportunities. Previous call was financed by Canada and invited proposals for innovative coastal and ocean finance products. Coastal collection operations that reduce measurable coastal pollution risk provide a quantifiable basis for an insurance-linked or finance product proposal.
- Target Region
- Global South — coastal communities. Kenya, Tanzania, Ghana, Indonesia, Vietnam all relevant as coastal developing country operations.
- Contact
- info@oceanriskalliance.org
- Last Checked
- 2026-03-14 20:51
Application Checklist
Eligibility
Project Scope
Constraints
Summary
ORRAA (Ocean Risk & Resilience Action Alliance) provides grants for innovative ocean finance and insurance product development. Their call for proposals (financed by Canada) invited proposals for innovative coastal and ocean finance products. NGOs, think tanks, and civil society organisations are explicitly eligible. Coastal plastic collection operations reduce measurable coastal pollution risk — a quantifiable basis for an insurance-linked or finance product proposal. Operations in Kenya, Tanzania, Ghana, Indonesia, and Vietnam align with Global South coastal focus. Canadian government funding provides a stable source. The mechanism requires insurance/finance product framing — not a standard project grant. Competitive and specialised — requires innovative finance structuring capacity. No open call confirmed for 2026 — must monitor the ORRAA website for new announcements.
Historical Context
ORRAA was established as an alliance bringing together ocean stakeholders, insurers, and finance institutions to address ocean risk. Their call for proposals was financed by the Government of Canada. Previous rounds focused on innovative coastal and ocean finance and insurance products. The alliance brings together insurance industry players with conservation and coastal resilience organisations to develop market-based solutions for ocean risk.
Why it was added
Innovative alliance mobilizing diverse capital for ocean resilience; developing new financial instruments for marine conservation
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