The Asian Development Bank Institute (ADBI), in collaboration with Global–Asia Insurance Partnership (GAIP), is developing a program to help insurance and private pensions markets identify risk management solutions in Asia and the Pacific critical to the region’s risk resilience and sustainable development.
The ADBI-GAIP program will promote risk resilience through effective risk management, consisting of risk transfers, diversification, and/or mitigation and adaption strategies. The strategic priorities include:
- Sufficient understanding and monitoring of existing, new, and emerging risks, as well as monitoring for unknown risks
- The ability to quantify risk exposures, at both gross (total economic losses) and net (protection gap) levels
- The right supporting environment for risk management solutions, taking into account the regulatory environment, awareness of risks and risk management solutions among key stakeholders, available supporting infrastructure, and risk management capabilities
As a part of the program, ADBI and GAIP are seeking expressions of interest from consulting firms and think tank and university experts to create an online platform that will support policy makers, insurers, and other stakeholders in strengthening the integration of risks into policy design and decision-making. The selected partner will closely collaborate with ADBI, GAIP, and others to complete the project between July 2023 – June 2024.
- Quantify growing protection gaps and risks within Asia and the Pacific, identify associated challenges and opportunities, and inform strategies for addressing them
- Conduct a high-level overview of Asia-focused risk databases or platforms currently available or under development and gaps in their coverage and scope
- Develop a comprehensive pan-Asia risk platform and promote an enabling environment for effective risk management solutions
Scope of Work
- Design an online platform that incorporates the following 3 features:
- A database of risk incidences and exposures for large-scale systemic risks such as natural catastrophes and pandemics. At a future phase, other risks such as cyber risk may be in-scope.
- A risk assessment tool that allows governments to assess gross and net risk exposures (e.g., estimated losses, lives), including large-scale systemic risks and mortality and morbidity risks, at regional, national, provincial, or city levels
- A knowledge repository of tried and tested risk management solutions, as well as regulatory and infrastructure environments
- Provide an operational manual for the online platform design.
- Propose an annual operational plan and its associated budget plan for the online platform design, including a maintenance plan for long-term operations.
- Provide a quick screening of current data availability and relevant documentation to be included in, and excluded from, the online platform design.
Interested consulting firms and experts must submit the following:
- A technical expression of interest (EOI) written in English. The EOI should be a maximum of 10 pages in length and describe the general approach to deliver the scope of work, including an indicative method, instruments, and a detailed workplan with an associated weekly timeline
- A company/individual profile, list of relevant experience (including relevant products and achievements), the composition of the team (if applicable) that will undertake the project, and profiles of the proposed team leader and team members
- Estimated budget in United States dollar terms, including all taxes and bank transfer charges, for the above services
- Names and contacts of references from similar projects (if available)
Interested parties should submit their EOI and supporting materials as a single PDF file via this submission link by 5 June 2023 at 5:00pm Tokyo time.
Shortlisted applicants will be informed by 19 June 2023 and requested to participate in an interview before the final decision is announced.
EOIs will be assessed based on the following criteria:
- Extensive experience in online platform design and development
- Extensive experience managing and implementing secondary data collection and screening
- Relevant experience in risk analysis and insurance-related issues
- Experience working with donor agencies, international organizations, or think tanks
- Cost-effectiveness, in terms of balance between scale of data/outputs and the funding amount requested
- Demonstrated capacity of the project team to meet the expected outcomes and outputs of the program
Inquiries may be directed to ADBI’s Pitchaya Sirivunnabood (email@example.com).
Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku
100-6008 Tokyo , Japan