Expression of Interest For Value For Money (Vfm) Analysis Of A Sovereign Insurance Solution

Expression Of Interest Are Invited For Value For Money (Vfm) Analysis Of A Sovereign Insurance Solution For The Government Of Lesotho. Publication Date: 17-Oct-2022 Expression Of Interest Deadline: 16-Nov-2022 The World Bank Group Now Invites Eligible Firms To Indicate Their Interest In Providing The Services. Interested Firms Must Provide Information Indicating That They Are Qualified To Perform The Services (Brochures, Description Of Similar Assignments, Experience In Similar Conditions, Availability Of Appropriate Skills Among Staff, Etc. For Firms; Cv And Cover Letter For Individuals). Please Note That The Total Size Of All Attachments Should Be Less Than 5Mb. Consultants May Associate To Enhance Their Qualifications. Qualification Criteria 1. Provide Information Showing That They Are Qualified In The Field Of The Assignment. 2. Provide Information On The Technical And Managerial Capabilities Of The Firm. 3. Provide Information On Their Core Business And Years In Business. 4. Provide Information On The Qualifications Of Key Staff. The Objectives Of This Activity Are Threefold: 1. Review Risk Models Available In Lesotho Upon Which A Risk Transfer Product Can Be Designed (With Initial Focus On The Peril Drought). Based On Agreed Selection Criteria Between The World Bank And The Vendor, The Vendor Will Identify A Preferred Risk Model For Lesotho. It Should Be Noted That One Of The Selection Criteria For The Risk Model Will Be Whether It Is Publicly Available To Be Used By Insurance Markets Strong Preference Will Be Given To Such Risk Models Over In-House / Private Risk Models. High Scrutiny Of Basis Risk, And Methods To Reduce It To The Extent Possible, Is Expected As Part Of The Risk Model Selection. 2. Design An Insurance Product For The Gol Analyzing Different Attachment And Exhaustion Points. When Designing The Insurance, It Should Be Noted That The Gol Have A Contingency Fund Of Us$4 Million Available To Provide Grant Transfers To Shock Affected Msmes. Importantly, This Us$4M Can Be Mobilized In Response To Any Climatic Shock, Not Only Drought. Furthermore, The Analysis Should Reflect That Within The Competitiveness And Financial Inclusion (Cafi) Project, The Gol Has Us$6 Million Of Resources Available To Purchase Sovereign Insurance Over The Five Years Of The Project. 3. A Value For Money (Vfm) Analysis Of The Sovereign Insurance When Combined With The Contingency Fund. The Vfm Analysis Will Need To Include A Rigorous Costing Analysis Considering The Size Of The Contingency Fund, The Availability Of Insurance Premiums And The Insurance Attachment And Exhaustion Points. Tender Link :

Refer document

FileName	File Description
Global Tender Document	Tender Notice