The CVF-V20 is an international intergovernmental organization of countries most threatened by climate change. It is currently composed of 74 member states from Africa, Asia, the Caribbean, Latin America, the Middle East, and the Pacific, representing 1.74 billion people worldwide. Headquartered in Ghana, the mandate of the CVF-V20 is to support member countries in building climate resilience and turning their vulnerability into prosperity.
ASSIGNMENT DESCRIPTION
A key priority for CVF-V20 is to bolster the global financial safety net and cushion the yawning financial protection gap. Parametric insurance has become a leading instrument to assist in this endeavor. However, limited market sizes in Low-Income Developing Countries (LDCs) and Small Island Developing States (SIDS) pose a structural impediment to achieving scale; this often takes time and requires considerable investment and resources. Given the underdeveloped microinsurance market and growing climatic risk, increasing reinsurance pricing is a key hurdle hindering the scaling of microinsurance coverage. This contributes to three key challenges: (1) high reinsurance premium costs that could make products unviable; (2) the withdrawal of reinsurance or a significant increase in pricing due to extreme events; and (3) a lack of interest from reinsurers due to the small size of these markets.
Regional Risk Pools (RRPs) can play an instrumental role by providing anchor reinsurance for insurance providers, specifically for the micro and meso segments of the market. Preliminary discussions have been held with the Pacific-domiciled RRP, the Pacific Catastrophe Risk Insurance Company (PCRIC), as they have a keen interest in embedding a reinsurance window for microinsurance coverage. The V20 Secretariat will support this initiative.
The CVF-V20 seeks the services of a competent firm or individual to provide technical advisory services. The successful candidate will be required to provide technical advisory support, including, but not limited to, the following:
ELIGIBILITY
This invitation is open to both local and international firms or individuals. Eligible applicants should not have been cited for suspension or been banned for corrupt or fraudulent procurement or business practices by recognized international organizations such as the World Bank, United Nations, or any recognized public body locally or internationally.
REQUIREMENTS
The Proposal must be submitted via email to [email protected]. While Proposals should be brief, the following information should be included in assessing the candidate’s ability to meet the requirements of the contract:
CRITERIA FOR SELECTION
The Secretariat will conduct a detailed assessment of all applications in line with the requirements and will make a selection based on the proposal that offers the best value for money. Proposals will be assessed based on the detailed technical file and financial offer submitted by each service provider. Assessment criteria will include:
SUBMISSION PROCEDURE
All applications must be submitted via email to [email protected] under the subject “Technical Advisory Services Proposal – PCRIC”. Applications are to be submitted no later than the close of business on 30 April 2026. Only shortlisted applicants will be contacted. Shortlisted applicants may be invited for interviews to discuss their proposals further. The selected provider will be notified by 20 April 2026. All received applications will be treated with strict confidentiality. Applications will be accessible only to the CVF-V20 Secretariat evaluation committee and CEO PCRIC for the sole purpose of evaluating this Expression of Interest. All submitted data will be retained only for the duration of the selection process and will be securely disposed of following the conclusion of the procurement
Timetable
The period of this assignment is until the end of November 2026, with an estimated schedule of outputs as follows:
| Outputs | Approximate Completion Date |
|---|---|
| Contract Signing | 31 May 2026 |
| Commencement of Contract | 1 June 2026 |
| Completion of Contract | 30 November 2026 |