Tenders Are Invited For Finalise Drought Model And Product Development For Launch As Part Of Pcrafi Insurance Programme

Pcrafi : Furthering Disaster Risk Finance In The Pacific 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 Drought To Pics Through - The Implementation Of An Appropriate Parametric Index, Objective Trigger Mechanism, And Appropriate Monitoring Framework / System. The Implementation Of A Suitable Post Event Loss / Impact Calculation Methodology The Provision Of Country Level Risk Assessment, Based A Stochastic Simulation Of Drought Events, Impacts, And Index Function. [The Stochastic Risk Profiles Should Be Suitable For The Calculation Of Both Inwards Insurance Premiums Required And Outwards Reinsurance Purchase.]