Parametric Insurance Technical Advisory Partner for REPAIR

Summary

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES – FIRM SELECTION) Country: Eastern and Southern Africa (ESA) Project: Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) Program Loan No./Credit No./Grant No.: TF0C5097-3E Assignment Title: Parametric Insurance Technical Advisory Partner for REPAIR Reference No.: MZ-REPAIR-536938-CS-CQS African Risk Capacity Limited (ARC Ltd.) has received financing from the World Bank toward the cost of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) Program and intends to apply part of the proceeds for consulting services. The REPAIR Program is a multi-country World Bank operation designed to strengthen the financial and operational preparedness of participating countries to respond rapidly to climate-related and other shocks. The Program is implemented at the regional level by the REPAIR Project Implementation Unit (PIU) within African Risk Capacity Limited (ARC Ltd.), acting on behalf of participating countries. The consulting services (“the Services”) include the provision of independent, supplier-agnostic technical advisory services to participating countries under the REPAIR Program in relation to parametric insurance and broader climate risk transfer strategies. The assignment will support participating countries in the evaluation, development, structuring, implementation, and performance assessment of climate risk transfer instruments, including index-based and parametric insurance solutions. The Services include advisory support relating to inception and country work planning, data and catastrophe risk model review, model selection and/or development, insurance product design and implementation support, post-placement performance evaluation, and broader technical advisory support to the REPAIR PIU and participating countries. The assignment may support up to seven (7) countries during the duration of the contract. The contract shall be implemented on a time-based basis with an initial duration of two (2) years, renewable annually subject to satisfactory performance and country demand. ARC Ltd. now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are: At least ten (10) years of professional experience in disaster risk financing, sovereign risk transfer, insurance advisory, actuarial analysis, or closely related fields; Proven experience in at least three (3) assignments involving the evaluation, design, or advisory support of index-based or parametric insurance products, preferably at sovereign or public-sector level; Demonstrated involvement in at least two (2) assignments supporting underwriting, reinsurance placement, product structuring, or pricing validation of index-based insurance products; Experience in at least two (2) multi-country or regional advisory assignments involving public sector clients or international development institutions; Knowledge of the African insurance markets Fluency in English is required. Demonstrated capacity to deliver services in French and Portuguese is required, either through the proposed team composition or through clearly defined language support arrangements. Key experts will not be evaluated at the shortlisting stage. The attention of interested Consultants is drawn to Section III, paragraphs 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” dated September 2025 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub consultancy. In the case of a joint venture, all the partners in the joint venture shall be joi