Deadline: 23-Jul-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

A Risk Transfer Pilot Project is a project that develops and issues at least one distinct index-based insurance product for various crops for one or more clients in Nigeria. Risk Transfer Pilot Projects involve activities with the overall outcome being to provide customers with effective financial protection against defined weather and natural catastrophe risks that impinge upon their livelihoods. The capacity building component mainly involves putting in place internal structures and relevant teams within a private insurance company to develop and manage key index insurance product processes (hazard data collection, product design, evaluation, pricing, market analysis, value of insurance analysis, etc.). It also includes the delivery of general education and awareness-raising on the benefits of index insurance for mitigating climate risks and unlocking investment potential and income-generation for farmers.  Continue reading →