Review of the CCRIF SPC Central America/COSEFIN Segregated Portfolio Tender, Costa Rica - 90852181

Procurement Summary

Country : Costa Rica

Summary : Review of the CCRIF SPC Central America/COSEFIN Segregated Portfolio

Deadline : 30 Oct 2023

Other Information

Notice Type : Tender

TOT Ref.No.: 90852181

Document Ref. No. : 0002004638

Financier : International Bank for Reconstruction and Development (IBRD)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Expression of Interest are invited for Review of the CCRIF SPC Central America/COSEFIN Segregated Portfolio.

· Issue Date and Time: Oct 18, 2023 13:42

· Closing Date and Time: Oct 30, 2023 23:59

B. The Objective the Objectives of this Assignment are to (I) Conduct an Assessment of the Broader Ccrif Spc-S Role as the Operator of the Ca Sp; Including Comparative Advantages; And Disadvantages as a Provider of Risk Insurance Products; And General Sustainability; And (Ii) Assess the Impact of the Mdtf Program in Central America to Date the Review will Consider Alternatives for Management and Governance Arrangements; And Options for Enhancing Financial Sustainability of the Ca Sp. Lastly; The Review will Reflect on Experience from Other Risk Pools; And Consider the Role of the World Bank and Other Donors in Future Support to the Ca Sp. The Review will be Undertaken in the following Phases: 1) Rapid Assessment the Rapid Assessment should Provide an Overall Review of Ccrif Sp-S Progress and Challenges to Date; To: 1.Inform the World Bank on the Impact and Results of the Mdtf Financed Program for Ca Sp as Well as Strengths; And Weaknesses of Ccrif Spc as a Provider of Financial Risk Management Products and Services in the Central America/Dr. This Assessment should be Based on Interviews with Ccrif and its Key Stakeholders; Key Documents and Reports that are Available; While Reflecting on Experiences from Other Risk Pools and Regions. This Assessment should Consider Ccrif in Light of Other Potential Providers of Risk Finance Products and Services in the Region. The Rapid Assessment should Present Alternate Scenario/S for the Provision of Financial Risk Management Services in the Central America/Dr. It should Consider Potential Alternatives to Ccrif Spc and Discuss Their Relative Merits and Demerits Compared to Ccrif Spc. 1.Review Ca Sp-S Financial Position Using Actuarial and Dynamic Financial Analysis (Dfa) for Assessing Financial Sustainability and Propose an Initial Scope of Donor Support for Post-Mdtf Engagement. Involves Validation of Ccrif-S Dfa Results and Development of 2- 3 Portfolio Growth Scenarios (New Policies; Policy Expansion). 2) Procurement Post Review of Reinsurances Expenditures and Institutional Assessment the Post-Review Procurement Analysis of Reinsurance Costs Focuses Exclusively on Reinsurance Acquired by Ccrif Spc Financed under the World Bank Project that Cover All Policy Years Starting with Year 2014/15 and Ending with Year 2023/24. This Comprehensive Assessment Involves an Evaluation of the Procurement Procedures Used by Ccrif Spc to Secure Reinsurance under the Project and the Decision-Making Criteria Applied when Selecting Key Reinsurance Partners. Prior Assessments have been Conducted for the Periods of 2014/15 - 2020/21; Accordingly; This Task with Validate and Extend the Analysis for the Remaining Years of Policies Financed by the World Bank Program. This Analysis Encompasses the following Critical Activities: 1.Scrutinizing the Selection Process to Verify that it Embodies Best Practices; Promoting Transparency; Auditability; Integrity; Confidentiality; Competitiveness; Fairness; And Security in the Procurement Process. 1.Providing Concrete Recommendations for Process Enhancements Wherever Necessary; With the Aim of Optimizing and Refining the Overall Procedure. 1.Evaluating the Implementation of Process Controls to Ensure Adherence and Compliance with Established Standards and Guidelines. The Institutional Assessment should Review the Ca Sp-S Organizational Set-up and Operating Model; And Whether These are Appropriate and Adequate for Achieving Long-Term Sustainability. The Assessment should Present Alternatives and Recommendations to the Current Governance Structure and Operating Model; With a View to Strengthen Both Aspects; And Present Relevant Lessons Learned and Experiences of Other Sovereign Catastrophe Risk Insurance Pools with Regards to Achieving Sustainability. The Assessment should Build from the Capacity Needs Assessment Concluded in 2021; Considering the Changes to Ccrif Sp and the Partial Adoptions of Certain Recommendations.

The Wbg Reserves the Right to Publicly Disclose Contract Award Information, including but not Limited to, Name of Company Receiving the Award, Brief Description of Services, and Contract Award Amount, for Any Contract Award Valued over Us$250, 000. Offeror's Proposal and Contractual Documents will Remain Confidential and Therefore not Subject to Disclosure.

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