City Disaster Insurance Tender

Scope :

The philippine city disaster insurance pool (pcdip) will be structured as a dedicated insurance pool to provide cities with cost-effective, parametric insurance providing near-immediate payouts for post-disaster response.
The philippines is widely regarded as one of the worlds most disaster-prone countries and most likely to be economically impacted by disasters. the proposed philippine disaster insurance pool project (pcdip) seeks to narrow the funding gap between available funds and post-disaster response costs at local government unit (lgu) level in the event of medium-to-high severity events. pcdip will allow the cities to become self-sustaining in managing disaster risk and protecting and rehabilitating their assets and infrastructure in the event of damage.
Finance / insurance and contractual savings
Concept Clearance: 19 Jun 2018
Fact Finding: 12 Feb 2024 to 23 Feb 2024
MRM: 17 May 2024
Approval: -
Last Review Mission: -
Last PDS Update: 30 Mar 2021