The paper explores the role of concessional financing, such as premium and capital support (PCS), as a crucial tool to reduce the costs of insurance for beneficiaries and expand the use of CDRI. It builds on discussions from the InsuResilience High-Level Consultative Group and the V20 Summit Communiqué, proposing the development of SMART PCS principles and operational guidelines to ensure maximum impact and facilitate the implementation of effective strategies in addressing the financial protection gap.