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Consultancy to Develop a Diagnostic Report for Inclusive Insurance and Risk Financing for Nigeria
|Location :||Abuja, NIGERIA|
|Application Deadline :||20-Jun-21 (Midnight New York, USA)|
|Additional Category :||Sustainable Development and Poverty Reduction|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||40 working days within four(4) months.|
|Expected Duration of Assignment :||40 working days within four(4) months.|
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.
The United Nations Development Programme (UNDP) is a global organization with 17,000 staff working in approximately 170 offices towards supporting governments in developing strong policies, institutions and partnerships to achieve the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals. UNDP's policy work carried out at HQ, Regional and Country Office levels forms a contiguous spectrum of deep local knowledge to cutting-edge global perspectives and advocacy.
In order to streamline its financial and investment engagement, UNDP launched the Finance Sector Hub, a finance and innovation platform, that draws on a critical mass of UNDP expertise, initiatives, and partnerships to support the mobilization and leveraging of resources for the SDGs and lead the implementation of the new UNDP private sector strategy and other initiatives.
UNDP’s Work on Insurance and Risk Financing
The collaboration between the insurance industry and the development sector has grown significantly over the last five years. Key initiatives, such as the Insurance Development Forum, InsuResilience Global Partnership and the Ocean Risk and Resilience Action Alliance, have evolved into significant policy and standard setting partnerships, bringing together countries, the development sector, and the private and mutual/cooperative sectors of industry. Increasingly, these partnerships are moving beyond policy to programming, with a strong focus on not only delivering insurance and risk financing solutions to countries and communities, but also on long-term transformational change of insurance markets.
UNDP’s growing work in this space has led to the creation of a flagship initiative on insurance and risk finance, and the creation of a dedicated facility for supporting UNDP Country Offices and country partners worldwide, within the newly created Finance Sector Hub. This work covers a range of critical areas where insurance and risk transfer solutions and collaboration with the industry can add significantly to achieving and delivering on the Sustainable Development Goals (SDGs). Covering inclusive insurance, sovereign risk financing, insurance investments, natural capital, health, SME development and more, UNDP will work towards developing and delivering insurance solutions together with countries and communities, as well as collaborating with partners to transform insurance markets through enhancing legislation, regulation and institutional capacity
Diagnostics for Insurance and Risk Finance
As part of the increasing operationalisation of the work of the Facility - in part through the start of the work of the Tripartite Agreement between UNDP, the Insurance Development Forum (IDF), and the German government (BMZ) – there is a need to prepare a full diagnostic review of all issues relevant to the Insurance and Risk Finance environment in Nigeria. This diagnostic will examine supply and demand issues, everything from the legislative and regulatory environment through to community needs, for insurance and sovereign risk, through to insurance investments and natural capital
Duties and Responsibilities
Objective the assignment
The main objective of the assignment is to lead in the development of a diagnostic report by the UNDP Nigeria office for inclusive insurance and risk finance for Nigeria.
Scope of Work
The assignment will involve the following:
Expected outputs and Deliverables
Final diagnostic report on inclusive insurance and risk finance for Nigeria, including a detailed summary of inclusive insurance and risk finance this report will also include full quantitative and qualitative analysis and a baseline for future UNDP engagement with different stakeholders on inclusive and risk financing.
The assignment will be for a duration of 40 working days within a period of four (4) months
A high-level inception report
Workshop and stakeholder interview report
A diagnostic report for inclusive insurance and risk finance for Nigeria, complete with full quantitative and qualitative analysis
Training on inclusive and risk financing for CO staff
Final report that covers the key areas the CO and institutional advisor agree are relevant for the country
Duty Station, Travel and Institutional Arrangement:
Required Skills and Experience
UNDP may request examples of past publications from applicants as part of the evaluation process.
Criteria for Selection of the Best Offer:
Only those candidates that meet the minimum level of education and relevant years of experience requirements will be considered for the technical evaluation. The technical evaluation will include a desk review to select the shortlisted candidates. The technical evaluation may also include interviews with shortlisted candidate(s) or review of writing samples.
The selection of the best offer from the shortlisted candidates will be based on a Combined Scoring method.
The technical evaluation will be based on the following criteria with the corresponding points (out of a total max 70 points):
Only candidates obtaining a minimum 70% (49 points) on technical evaluation will be considered for the Financial Evaluation.
In the financial evaluation the offeror with the lowest price will be awarded the maximum of 30 points. The allocation of points to the other offerors will be calculated as follows:
p = y (µ/z), where
p = points for the financial proposal being evaluated
Firms are not eligible for this consultancy assignment. Open to national individual consultants only.