Services for delivery of a diagnostic report on insurance and risk financing

UNDP’s Insurance & Risk Finance Facility (IRFF) in coordination and technical support with the Regional Bureau of Arab States (RBAS) plans to expand the developmental benefits of insurance and risk financing solutions in Arab States. As a starting point, the objective is to assess, through a regional Diagnostic Study, the financial resilience of the region, with a full view of the risks, hazards, and shocks it faces, the development and risk dynamics and context, and the current usage of risk transfer of all kinds in tackling financial vulnerability, risk and hazard, and poverty.

The report is intended to provide baseline information on the status of insurance and risk financing solutions in the region as well as an overview of the country needs and readiness to deploy risk financing solutions in the future. It will consist primarily of desk work and interviews. It will cover a range of risks, hazards and shocks, and while climate and environmental risk will be critical it will also cover other shocks such as insecurity, conflict, health, food and energy prices, social hazards, and other relevant areas where financial risk transfer must increasingly play a role in protecting communities and countries.

The specific components of the diagnostic are both regional, and country-by-country, noting that the exact nature of depth and width of country discussions will be agreed during the inception phase. UNDP has already undertaken extensive country diagnostic studies in Algeria, Jordan and Egypt which can be integrated into this regional diagnostic and contribute significantly to the country components.