Cambodia South East Asia Disaster Risk Management Project
Project ID: P160929
Grant No.: A4488-KH
Assignment Title: Disaster Risk Financing Gap and Insurance Product
Analysis for the Southeast Asia Disaster Risk Insurance Facility
(SEADRIF) Catastrophe Risk Pool
Reference No. MEF-CQS-S02
The Royal Government of Cambodia (RGC) has received financing from the World Bank toward the cost of the Cambodia Southeast Asia Disaster Risk Management Project, and intends to apply part of the proceeds for analytical work implemented by Ministry of Economy and Finance (MEF) to decide whether to participate in the proposed Southeast Asia Disaster Risk Insurance Facility (SEADRIF) regional catastrophe risk pool through analyzing disaster risk financing gap and the proposed design of the SEADIRF regional catastrophe risk pool.
Cambodia has been jointly established the SEADRIF, a regional disaster risk financing platform to strengthen financial resilience of the people in Southeast Asia as an ASEAN+3 initiative in partnership with the World Bank. In December 2018, Cambodia, Indonesia, Lao PDR, Myanmar, Singapore, and Japan agreed to establish SEADRIF as a Trust in Singapore to provide disaster risk financing solutions to ASEAN countries with initial focus on developing a regional catastrophe risk pool for Cambodia, Lao PDR, and Myanmar. This would be the first regional pool in Asia, building on similar catastrophe risk pools supported by the World Bank in the Caribbean and in the Pacific. Cambodia is conducting a feasibility study to decide whether to join the pool, while Lao PDR and Myanmar decided to establish and join it under SEADRIF.
The Consulting Services (“the Services”) shall consist of (i) assessing the overall financial impacts of disasters and funding gap between post-disaster financing needs and the existing disaster risk financing instruments; (ii) analyzing proposed SEADRIF catastrophe risk pool for Cambodia; (iii) exploring and recommending options for disaster risk financing instruments and types of sovereign catastrophe risk insurance products that fit for RGC to enhance financial protection against disaster and climate risk; (iv) engaging with stakeholders including MEF and other government institutions and the World Bank team during consultation and report drafting process; and (v) presenting the findings, gathering feedback from relevant stakeholders such as MEF officials and revising findings accordingly.
The duration of Work is estimated at about 5 months.
MEF 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 short listing criteria are as follow:
1. public finance, insurance, risk modelling and/or disaster risk management;
2. Good oral and writing skills in English and Khmer;
3. Good communication skills with various stakeholders including officials of MEF and relevant line ministries and institutions, insurance companies, and the World Bank team;
4. High institutional/organizational ability;
5. Ability to provide profile and evidence of the experience appropriate to requirements of the consultancy service;
6. Ability to provide key staff with required qualifications and experience as stated below.
The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants [under IBRD Loans and IDA Credits & Grants] by World Bank Borrowers dated January 2011 and revised in July 2014 (the “Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest.
Consultants may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications. Such association may take the form of a joint venture (JV) or a sub consultancy. In case of a JV, all members of the JV will be evaluated jointly for the purpose of short listing and shall be jointly and severally liable for the assignment and shall sign the contract jointly in case of award is made to that JV. Interested consultants should clearly indicate the structure of their “association” and the duties of the partners and sub consultants in their application. Unclear expression of interests in terms of “in association with” and/or “in affiliation with” and etc. without indicating the status of the partnership and designation of the lead partner may not be considered for short listing.
A Consultant will be selected in accordance with the Selection Based on Consultant’s Qualification (CQS) method set out in the Consultant Guidelines.
Further information can be obtained at the address below during office hours 9.30am to 4.00pm, Monday to Friday.
Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by fax, or by e-mail) by December 6th,2019 before 4:00 pm (local time).
General Department of Financial Industry, Ministry of Economy and Finance
Mr. Phay Som
Head of Supervision Division, Insurance and Pension Department,
General Department of Financial Industry, Ministry of Economy and Finance.
92, Sangkat Wat Phnom, Khan Daun Penh,Phnom Penh, Cambodia.
Tel: 855 (0)12 866 667
E-mails for Application: [email protected];
[email protected]; [email protected]