REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES – CONSULTANT’S QUALIFICATION SELECTION “CQS”)

Assignment Title:  Consulting Services for a firm to redevelop and enhance the usability of Country Multi-Peril Disaster Risk Profiles
 
Reference No: CCRIF SPC-233115

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 Consulting Services (“the Services”) include the following:

Activity I: Redevelopment of Country Multi-Peril Disaster Risk Profiles

• Review and assess the CRPs currently provided to member countries and assess a) stakeholder demand and opportunities ; and b) communication gaps related to dissemination, understanding and uptake of risk identification information and existing CRPs.
• Provide feedback on areas for improvement for the dissemination and communication of CRPs based on an assessment of other CRPs (used globally), with the goal of improving their relevance. The Consultant is also expected to review previous recommendations from studies which may be useful (e.g., the World Bank’s Risk Viewer tool) and independently provide advice on target agencies which may find the CRPs useful.
• Create both Microsoft Word and web-based templates of the CRP to incorporate improvements based on findings from the above-mentioned assessment component. This would include recommendations of different risk metrics presented.
• Subject to the acceptance of the template by CCRIF, development of a CRP for each of CCRIF’s members

Activity II: Development of interactive tools

• Develop a user-friendly interactive risk profile platform that could be used within CCRIF’s WeMap platform (a web-based platform developed for CCRIF members to monitor the impacts of earthquake, cyclones, and excess rainfall on their portfolio and check if their insurance policy will be triggered) that stakeholders could scrutinize exposure and loss metrics and allow for enhanced risk visualization and decision making.
  The platform will allow for risk optimization decision making such as through allowance for cost benefit calculations to support risk reduction interventions. The integration of the platform with WeMap will be the responsibility of CCRIF and its service providers.
• Develop Disaster risk financing tool. The consultant would propose portfolio a risk profile optimizing tools and similar to activity (iv) but based on the Event Loss tables used in the models. The idea is for the users of CCRIF’s clients to have a tool at hand that would allow them to create an indicative pricing for a policy option designed according to their own needs, this is one step of the overall vision to expand WeMap into a learning platform for CCRIF’s members

Activity III: Conduct a CRP benchmark analysis for other available risk profiles.

• Development of evaluation criteria for multi hazard CRPs (CCRIF’s own, publicly available and other relevant – for example where feasible catastrophe modelling company profiles). This would include development of assessment criteria of hazard, exposure and vulnerability. The outputs products include earthquake, tropical cyclone and flood hazard assessment information.
  • Review of existing hazard, exposure and vulnerability modules within risk models for Caribbean Central and South American Countries
  • Development of criteria for comparison and ranking of assessment based on Task 1a.
  • Support the development of a web page to and communication material of Tasks 1a and 1b.
• The assessment would also explore options for making inputs and outputs of CCRIF models more accessible and transparent to stakeholders including assessment of potential use of global standardized platforms in achieving this.

The assignment is expected to commence on December 1, 2021. The expected level of effort (LOE) is 60 days over a period of three months from December 1, 2021, till February 28, 2022.

Qualifications and Experience

The suggested team composition should include:
•    A Team Leader qualified in cat modelling or an equivalent and suitable qualification and at least 5 years of experience in the development and/or usage of with disaster risk profiles.
•    Risk modeling expert, actuary and or economist with a good background in catastrophe risk modelling and disaster risk financing
The firm must demonstrate the following:
•    Substantial knowledge and experience with disaster risk profiles and their usage.
•    Team members with excellent analytical skills, and ability to prepare professional narrative reports summarizing observations and conclusions in English and
•    Experience and knowledge of the Caribbean and Central American context.
•    Good oral and written communication abilities in English

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

CCRIF SPC now invites eligible firms to indicate their interest in providing the Services. Interested firms should provide information (brochures, description of similar assignments, experience in similar conditions, general qualifications and number of key staff etc.) demonstrating that they have the required qualifications and relevant experience to perform the Services. Interested firms are required to declare conflicts of interest.

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

The Firm will be selected in accordance with the World Bank’s Consultant’s Qualification Selection (CQS) Method.

Further information can be obtained at the address below.

Expressions of interest must be delivered in a written form to the address below by e-mail by November 11, 2021.

CCRIF SPC
Subject Line – Country Multi-Peril Disaster Risk Profiles
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
Email: ccrif.eaa@gmail.com