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Flood Insurance Expert – International Consultant

Oglas je istekao
Poslodavac:
Kategorija:
Mjesto rada:
BiH
Rok prijave:
07.09.2016.

O poslu

Opis radnog mjesta:
UNDP Vacancy: Flood Insurance Expert – International Consultant

Location : BOSNIA AND HERZEGOVINA
Application Deadline : 07-Sep-16 (Midnight New York, USA)
Time left : 14d 10h 2m
Type of Contract : Individual Contract
Post Level : International Consultant
Languages Required : English
Starting Date :
(date when the selected candidate is expected to start) 19-Sep-2016
Duration of Initial Contract : September 2016 – October 2017
Purpose:
The purpose of this project is to transfer technologies for climate resilient flood management in Vrbas River Basin, UNDP, Bosnia and Herzegovina (B&H) to enable the communities of the Vrbas basin to adapt to flood risk through the transfer of adaptation technologies for climate resilient flood management, upgrade and rehabilitation of the hydrometric monitoring network, development of a flood forecasting system and early warning system, development of emergency response plans, and provision of training in flood-specific civil protection. Importantly, the project will provide targeted training on climate-induced FRM to over 100 practitioners and decisions makers, and will develop an institutional capacity development plan for the long-term development of capability and capacity in Flood Risk Management (FRM). The project will work closely with affected communities to introduce climate resilient community-based non-structural measures and provide training to local communities in climate resilient FRM. This will include the introduction of agro-forestry, community-based early warning systems, reforestation and introduction of financial instruments such as index-based flood insurance and credit deference schemes as a means of compensating for flood damages for agriculture.

Objective:

The overall objective of this assignment is to prepare the feasibility study for index-based flood insurance including a detailed review of existing risk financing planning legislation and policies for development and economic protection from high flood risk agricultural areas, develop a flood insurance scheme for the introduction of index-based flood insurance.

Background Information:

Bosnia and Herzegovina (BiH) is a middle income country which is still recovering from the 1992-1995 war which had a devastating impact on its human, social and economic resources, leading to enormous challenges of the post-war reconstruction and economic and social recovery. This challenge has been further compounded by the transition towards market economy requiring structural reforms and improved governance. The slow rate of the post-war economic recovery of Bosnia and Herzegovina has been compounded by the negative impacts of climate change on key sectors such as agriculture, energy (hydropower), the environment and, in particular, the frequency and magnitude of flood disasters, which have tripled in frequency in the last decade. In May 2014, Bosnia and Herzegovina experienced its worst flooding in 150 years which resulted in 23 deaths and $2.7 Billion USD worth of damages which is 15% of GDP, and is expected to result in a 1.1 percent contraction in the economy this year, compared to the growth of 2.2 percent that had been predicted before the flood.

BiH is significantly exposed to the threats of climate change, but has very limited capacity to address and adapt to its negative impacts, in particular the frequency and magnitude of floods from its major rivers. The Vrbas River basin is characterized by a large rural population comprised of the poorest and most vulnerable communities in BiH, including war returnees and displaced people, with high exposure to flooding and its devastating impacts.

Duties and Responsibilities
The expert should work in consultation with and under the guidance and supervision of the Project Manager (PM). Specifically, hisher responsibilities include, but are but not limited to the following:
· Reviewing the current insurance sector in BiH, its profile and sectors that it covers (e.g. property, contents, agriculture, perils/hazards etc.) and assess the affordability and current coverage of insurance across relevant sectors;

· Reviewing and analyzing current practices related to risk management techniques and risk financing modalities (e.g. micro-financing) in BiH in general, and cities/municipalities in Vrbas river basin, in particular;

· Analyzing of the institutional and legal environment for insurance market in BiH;

· Reviewing the insurance and risk financing mechanisms of countries at a similar stage of development as BiH, and compare with those of developed countries. This analysis and comparison should include the following key considerations: basis of flood insurance zoning (i.e. hazard mapping of other methods of zoning), mechanisms for setting premiums, mechanisms for financing/capitalising the scheme, the role of Re Insurance, the role of Catastrophe insurance, methods of collecting premiums, willingness/ability to pay and who pays (government/citizens/at risk population, all population), the Role of Government, capacity of the country to administer the scheme etc,. It should also include a detailed review of the regional schemes being developed/implemented by the World Bank (SEEC CRIF/Europa Re);

· Undertaking a feasibility study for a flood insurance scheme for Vrbas basin and explore the potential of developing property or infrastructure investment insurance products that can provide strong flood exposure signals and steer the new infrastructure, settlement development and expansion away from high risk zones; The feasibility study should identify the type of scheme that would be most appropriate for BiH and should consider ex-ante, ex-post, index-based, and indemnity based schemes, with various configurations of government role. The feasibility study should include a review of data availability for the development of the identified preferred scheme.

· Undertaking initial consultation with key stakeholders (community, municipality, private sector companies, insurance and micro-finance companies, commercial banks) on the proposed flood insurance scheme and the insurance zone designations. Consultations should compromise of one-on-one meetings, and a workshop;

· Based on the feasibility study and the identified type of schemes, provide technical leadership for the development of a GIS-based index-based flood insurance model and insurance scheme for BiH with support of the GIS and other project experts (in particular the socio-economics and modelling experts). The developed scheme should include, a basis for setting premiums and payouts at household and community level, in each of the identified flood insurance zones (zones to be developed from flood hazard and risk maps), the value of premiums in each insurance zone should be based on risk indices developed by the modelling team, while the value of the payout out should be based on appropriate considerations of proportion of damages and losses to be covered;

· Presentation of the proposed insurance model and scheme to insurance markets supervisors to determine the possibilities for approval of their distribution;

· Analyzing and determining possible products’ distribution channels;

· Analyzing possibilities for insurance premium subsidies;

· Presentation of the final insurance scheme to local communities, insurance companies, insurance regulators, insurance supervisors and other stakeholders;

· Providing progress reports to the PM;

· Archiving and documenting all activities;

· Ensuring the timely and effective management of the activities as scheduled.

Deliverables and timelines

The consultant is responsible for the following deliverables:

· Analysis of the current insurance sector in BiH, 15 Nov 2016;

· Overview of current practices related to risk management techniques and risk financing modalities (e.g. micro-financing) in BiH in general, and cities/municipalities in Vrbas river basin, in particular, 15 Nov 2016;

· Overview of the institutional and legal environment for insurance market in BiH, 15 Nov 2016;

· Review the insurance and risk financing mechanisms of countries at a similar stage of development as BiH, and compare with those of developed countries, 15 Nov 2016;

· Develop a feasibility study for a flood insurance scheme for Vrbas basin with the type of scheme that would be most appropriate for BiH considering ex-ante, ex-post, index-based, and indemnity based schemes, 15 Jan 2017;

· Perform consultation with key stakeholders on the proposed flood insurance scheme and the insurance zone designation. (community, municipality, private sector companies, insurance and micro-finance companies, commercial banks), 30 Apr 2017;

· Development of a GIS based index-based flood insurance model and insurance scheme for B&H, based on the feasibility study (with support of the GIS, socio-economics and modelling experts), 15 Jul 2017;

· Presentation of the proposed insurance model and scheme to insurance markets supervisors to determine the possibilities for approval of their distribution, 30 Sept 2017;

· Analysis and determining possible products’ distribution channels, 30 Sept 2017;

· Analysis of possibilities for insurance premium subsidies, 30 Sept 2017;

· Present the final insurance scheme to local communities, insurance companies, insurance regulators, insurance supervisors and other stakeholders, 30 Oct 2017;

Vrsta posla:
rad na određeno vrijeme

O zaposleniku

Znanja i kvalifikacije:
Competencies
· Demonstrates integrity and fairness by modeling UN values and ethical standards;
· Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability;

· Knowledge on BiH gender equality mainstreaming institutions, regulations and mechanisms;

· Excellent communication skills;

· Excellent analytical skills;

· Strong oral and writing skills;

· Extensive knowledge of computer applications;

· Focuses on result for the client and responds positively to feedback;

· Consistently approaches work with energy and a positive, constructive attitude;

· Remains calm, in control and good humored even under pressure;

· Ability to work independently as well as part of a fairly big team;

· Ability to operate under strict time limits.

Required Skills and Experience
Education:
· University degree of MSc or MA in field of economics. PhD university degree is an asset;

· Licensed actuary.

Experience:

· At least 10 years of professional or academic experience in the field of risk management, insurance and actuarial profession;

· International experience in field of risk management, insurance and actuarial profession;

· Knowledge of the institutional and legal environment for insurance market in BiH;

· Demonstrable knowledge on insurance products and insurance markets review.

Language Requirements:

· Fluency in both written and spoken English is a must;

· Knowledge of bhs languages would be considered an asset.

Payments modality:

· Payments will be made only upon confirmation of UNDP on delivering on the contract obligations in a satisfactory manner.

Applicants are required to submit an application including:

· Personal CV including previous experience in similar projects and contact details (e-mail addresses) of referees;

· Financial proposal indicating lump sum for the assignment (lump sum includes fee as well as all other costs that might occur such as international travel, stationary, accommodation and other similar costs.

Note:

· For an assignment requiring travel, consultants of 62 years or more require full medical examination and statement of fitness to work to engage in the consultancy;

· Due to large number of potential applicants, only competitively selected candidates will be contacted for remaining steps of the service procurement process.

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.
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More information: https://jobs.undp.org/cj_view_job.cfm?cur_job_id=68253
Minimalna stručna sprema:
Fakultet
Strani jezik:
engleski
Poznavanje rada na računaru:
dobro
Potrebno radno iskustvo:
deset i više godina