Expression of Interest For Finalize Excess Rainfall Model And Product Development

Expression Of Interest Are Invited For Finalize Excess Rainfall Model And Product Development For Launch In Season 11 The Pcric Is Now Requesting The Support Of A Suitably Experienced And Qualified Firm (Or Consortium Of Firms), The Consultant, To Facilitate The Pcric Offering A Sovereign Level Parametric Insurance Product For Excess Rainfall Events (Xsr) To Pics Through - The Design Of A Suitable Post Event Loss / Impact Calculation Methodology That Can Be Used To Evaluate And Trigger Parametric Insurance Pay-Outs. An Evaluation Of Historic Xsr Events (From Both Tropical Storms And Non-Tropical Storm Events) And The Development Of Appropriate Impact Functions For The Various Pics. The Provision Of Country Level Risk Assessment, Based On The Parametric Trigger Design, Suitable For The Calculation Of Both Inwards Insurance Premiums Required And Outwards Reinsurance Purchase.