eC2: Catastrophe Risk Assessment and Modeling for the Pacific Alliance (Chile, Colombia, Peru, Mexico)

Deadline: 27-May-2019 at 11:59:59 PM (Eastern Time – Washington D.C.) vn-communitybased-disasterrisk-780x439

The World Bank is seeking to engage the professional services of a firm specialized in the modeling of hydro-meteorological natural disaster risk in an international environment.
The AP seeks to continue evaluating risk transfer instruments, particularly for hydro-meteorological risk, as highlighted in the APs joint declarations in April 2018 and, to that effect, has mandated the International Bank for Reconstruction and Development (World Bank Group) to provide technical assistance for identifying the most relevant hydro-meteorological risks, clearly defining them for the purposes of risk transfer, and evaluating potential financial instruments to provide coverage against such risks. The World Bank Group may act as an advisor to the Client Countries for assessing and developing potential risk transfer instrument, and might be the sponsor of a CAT Bond, should all or some of the Client Countries decide to issue one, via the World Bank.

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eC2:Capacity Building on the Hazard and Exposure Database for Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI)

Deadline:  06-Jun-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) vn-communitybased-disasterrisk-780x439

The following Terms of Reference (ToR) describes the requirement of the project to update the regional hazard and exposure database of 14 countries that underpins the PCRAFI Insurance Program. The PICs have limited capacity in this area and the engagement of a firm with regional experience in hazard and exposure databases will assist them to build their capacity in this area to undertake the work going forward. In 2010, the WB began implementing the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI), a regional technical assistance activity to lay down the foundation for a regional catastrophe risk pool for PICs, primarily to establish a regional repository of hazard and national exposure data (e.g. public infrastructure, buildings, homes; land-use, etc.) required to assess the viability of pooling climate and disaster risk across 14 PICs. The model that would contain the data has already been developed, piloted, and used in determining pay-outs over the past three years. However, the data is from 2010 and must be updated as soon as possible for the model to accurately protect household, business and government assets that face exposure to disaster related risks.

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