Risks transfer is a financing alternative where the associated risks of a project are transferred to insurance and reinsurance companies, by transferring the risks the project becomes more attractive for the investors, facilitating the achievement of the resources needed for the execution of the project, this because the capital investment is protected and guaranteed through the insurance policies issued, ensuring that in the moment that an insured risk materialized the project do not incur in a default of the payments of the debt, because the insurance policies cover all the value of the investment. This financing alternative is innovative and novel for Colombia because it has not been implemented yet in a project in the country. This financing scheme incipient in Colombia has a number of benefits such as entry into the market of the big international reinsurance companies, the possibility to access to new international capital resources and give a new alternative that makes the projects have an additional alternative to get the resources it needs. This document describes and analyzes the operation, the advantages and disadvantages and the benefits that this financing scheme brings to Colombia, from the different sources of