The project consortium learned many lessons along the way, and the CCRIF team is pleased to have been part of the development of this document that captures 20 key lessons we have learned over Phases I and II. These lessons learned will be key in the implementation of Phase III and would allow the project team to build on the best practices from the previous phases as well as focus on taking corrective action in areas that were not as successful, but for which there is now a more in-depth understanding in this relatively new and innovative area of climate risk insurance.