View Negotiation

RFP-029-IND-2024 - Design of a National Natural Catastrophe Risk Insurance Pool
Procurement Process :RFP - Request for proposal
Office :UNDP-IND - INDIA
Deadline :10-May-24 @ 08:00 AM (New York time)
Published on :03-Apr-24 @ 12:00 AM (New York time)
Development Area :OTHER  OTHER
Reference Number :UNDP-IND-00327
Contact :RANJAN SINHA - ranjan.sinha@undp.org

This specific tender is managed via the new supplier portal system of UNDP Quantum. If you are interested in submitting a bid for this tender, you must subscribe following the instructions in the user guide. If you have not registered a profile with this system, you can do so by following the link for Supplier Registration.

If you already have a supplier profile, please login to the Supplier Portal, then search for the negotiation using the reference number UNDP-IND-00327, following the instructions in the user guide.

Introduction : Scope of Tender: 

This assignment aims to design a Natural Catastrophe Risk Insurance Pool (NCP) for India, which will be a comprehensive and self-sustained solution for disaster risk financing in the country. The required services will include exploring the key requirements and parameters for a NCP to provide financial protection to the affected populations and assets from natural disasters, considering such perils as earthquakes, cyclones, floods, droughts, cloudbursts, tsunamis, wildfires and landslides. Approaches for how the NCP will also reduce the fiscal burden on the government by diversifying and transferring disaster risks to the Pool while simultaneously incentivizing risk reduction will be investigated and recommended. The options and scenarios for developing state-level pools that provide financial protection against different types of disaster risks will be explored in the assignment, including considerations for the supportive role of insurance and reinsurance companies, financing for outlier events that exceed the capacity of the NCP, and other potential instruments and mechanisms that can be integrated in the future.

The scope of the work includes:

  • Analysing and providing recommendations on the legal and regulatory landscape and administrative prerequisites for establishing Nat-Cat pools at both state and national levels.
  • Assessing the public finance management for disaster risk management, including the National Disaster Risk Fund, State Disaster Risk Fund, trends in budgetary allocations and actual expenses, financing gaps, fund optimization and sustainability for future financing mechanisms and instruments
  • Defining and designing the mechanism for a Nat-Cat Risk Insurance Pool, facilitating the consideration of other potential disaster risk finance solutions.
  • Designing a framework for integrating multiple state-level pools and existing initiatives into a central disaster risk financing pool


Please indicate whether you intend to submit a bid by creating a draft response without submitting directly in the system. This will enable the system to send notifications in case of amendments of the tender requirements. Should you require further clarifications, kindly communicate using the messaging functionality in the system. Offers must be submitted directly in the system following this link: http://supplier.quantum.partneragencies.org  using the profile you may have in the portal. In case you have never registered before, you can register a profile using the registration link shared via the procurement notice and following the instructions in guides available in UNDP website: https://www.undp.org/procurement/business/resources-for-bidders Do not create a new profile if you already have one. Use the forgotten password feature in case you do not remember the password or the username from previous registration.

Search for the specific tender using search filters and subscribe to the tender in order to get notifications in case of amendments of the tender document. If you need support with the online system, you can contact the contact details of this tender as indicated in the solicitation document.

UNDP OFFICE INDIA

PROCUREMENT UNIT
Documents :
Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)