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REOI-Consulting Services for the Peer Review of the Financial Module of SPHERA




Country: Cayman Islands

Project:Central America and Caribbean Catastrophe Risk Insurance Program Project (P149670)

Grant No.: TF0A0564

Assignment Title: A Peer Review of the Financial module of the Earthquake (EQ) and Tropical Cyclone (TC) SPHERA loss assessment model and related documents (“Peer Reviewer”). 

Reference No: CCRIF-REF-12

The Project is financed through the Central America and Caribbean Catastrophe Risk Insurance Program (Program) Multi-Donor Trust Fund (MDTF), which is administered by the World Bank.  

The peer review is a technical review of the document explaining the probabilistic methodology followed to compute the losses to the building and infrastructure exposure due to both TCs and EQs in the SPHERA model. This document will also contain the assumptions and methodology followed for treating the uncertainty in the computation of the losses.

The Required Qualifications and Relevant Experience to perform the Services are: 

  • A first degree with at least 5 years’ experience in peer reviewing and/or developing catastrophe risk estimation models
  • Proven experience as a reviewer of the financial module of catastrophe risk estimation models;
  • Excellent analytical skills, and ability to prepare professional narrative reports summarizing observations and conclusions;
  • Good oral and written communication abilities in English are required; and
  • Experience and knowledge of the Central America and the Caribbean context.

The assignment is expected to commence in May 2020 upon execution of the contract and the expected level of effort (LOE) is no more than 6 days.

The detailed Terms of Reference (TOR) for the assignment can be found attached below.

CCRIF SPC now invites eligible individuals (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. 

The shortlisting criteria is based on the above listed Required Qualifications and Relevant Experience.  

The attention of interested firms is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.   

The Firm will be selected following the World Bank Procurement Regulations on Open Competitive Selection of Individual Consultants method set out in the Procurement Regulations.

Further information can be obtained at the address below.

Expressions of interest must be delivered in a written form or by e-mail to the address below by May 8, 2020 at 23:45 Cayman Islands time.



Subject line - CCRIF-REF-12

Attn: Isaac Anthony, Chief Executive Officer
Registered Office: c/o Sagicor Insurance Managers Ltd., 198 North Church Street
2nd Floor, Sagicor House, P.O. Box 1087, Grand Cayman, KY1-1102, Cayman Islands



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