Technical innovation partner for Agricultural insurance product development
Procurement Process
RFP - Request for proposal
Office
UNDP-HQ - SWITZERLAND
Deadline
24-Jul-25 @ 10:00 AM (New York time)
Published on
07-Jul-25 @ 12:00 AM (New York time)
Reference Number
UNDP-HQ-01725
Contact
Ms. Aida Sootbekova - aida.sootbekova@undp.org
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Introduction
Providing services of Global Technical innovation partner to support Agricultural insurance product development
UNDP’s Insurance and Risk Finance Facility is charting new pathways to build resilience, incentivize growth and safeguard development. Housed within UNDP’s Sustainable Finance Hub, the Facility is using insurance and risk transfer to increase the financial resilience of countries, communities, households, businesses, nature and food systems. Learn more at www.irff.undp.org
As part of its efforts, UNDP launched the Financial Resilience in Agriculture Initiative (FRA), in partnership with the Bill and Melinda Gates Foundation (BMGF).
FRA focuses on enhancing the financial resilience and climate adaptation of smallholder farmers by embedding agricultural insurance into public policy frameworks. This initiative spans Bangladesh, Ethiopia, India, Tanzania, and Uganda, where UNDP works with governments, insurers, and other stakeholders to develop innovative insurance models that are integrated into national development agendas. The FRA global work supports and informs the in-country implementation in these countries, which in turn feed pragmatic cases into the global work. The goal is to help agricultural insurance evolve from a niche financial product to a policy tool that supports resilience and sustainable development. The FRA initiative employs a systemic approach, reflected in its Theory of Change, focusing on three pillars: creating an enabling environment, developing innovation models, and strengthening market foundations. This strategy recognizes that for agricultural insurance to succeed at scale, it must address market failures and be supported by a conducive policy and regulatory environment. National consultations conducted in 2023 laid the groundwork for FRA’s in-country programs, culminating in the endorsement of workplans by partner governments in mid-2024. These national initiatives are further informed by global studies that explore how agricultural insurance can impact financial resilience and climate adaptation. For more details, please see the FRA Consultation paper.
The FRA Market Foundation framework for action is built around two interlinked pillars- Technical and Operational, each comprising three key dimensions. These dimensions define the core capacities and infrastructure required at the country level to support the transition from short-term pilots to nationally owned and sustained agricultural insurance programs.
Supporting both pillars is a cross-cutting pillar of Workforce and Institutional Capacity, essential for enabling national institutions, insurers, and delivery partners to effectively design, implement, and sustain insurance solutions. This dimension focuses on developing long-term technical expertise, strengthening institutional systems, and embedding agricultural insurance training within national training systems.
The overall objective of this assignment is to support the operationalization of the Market Foundations component of the Financial Resilience in Agriculture (FRA) initiative, with a focus on providing technical services to strengthen country-level systems. This includes support on data systems, capacity building, risk modelling and product design, and embedding these technical functions within national structures to ensure sustainable implementation and ownership of agricultural insurance solutions integrated into institutional business models.
Please see more details in the attached Terms of Reference (Section 5).
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Sustainable Finance Hub, BPPS
PROCUREMENT UNIT