Deadline Date: May 20, 2026
The United Nations Capital Development Fund (UNCDF) is inviting applications from Risk Modelling Firms, FinTechs, and InsurTechs to support the development of a regional index-based climate risk monitoring and claims verification system for Pacific Island Countries under the Pacific Insurance and Climate Adaptation Programme (PICAP).
The opportunity focuses on conducting historical hazard and climate event analysis across Fiji, Samoa, Solomon Islands, Papua New Guinea, Kiribati, Tonga, Tuvalu, and Vanuatu; developing a standardized and scalable index monitoring framework for parametric insurance; designing digital monitoring and claims verification tools; strengthening institutional and technical capacity among insurers, regulators, disaster management agencies, and meteorological services; improving access to publicly available climate and hazard datasets; supporting automated trigger verification systems; and producing comprehensive reporting and knowledge products for future implementation and scaling.
The Pacific Insurance and Climate Adaptation Programme is jointly implemented by UNCDF, the United Nations Development Programme (UNDP), and the United Nations University – Institute for Environment and Human Security (UNU-EHS). The programme was launched in December 2020 to improve the financial resilience and preparedness of Pacific Island communities against climate change and natural hazards through market-based meso and microinsurance solutions.
During its inception phase between 2021 and 2022, the programme introduced innovative and affordable parametric insurance products in Fiji, Tonga, and Vanuatu for smallholder farmers, fishers, market vendors, and small businesses. Following these initial successes, the programme has expanded its activities to additional Pacific Island Countries including Samoa, Papua New Guinea, Solomon Islands, Kiribati, and Tuvalu.
Under this assignment, the selected Risk Modelling Firm, FinTech, or InsurTech will undertake a comprehensive assessment of extreme weather and geophysical events from 2023 to 2025. The analysis will include tropical cyclones, flooding, droughts, storm surges, earthquakes, and volcanic activity. Data will be compiled and validated using both national and global datasets to identify trends, patterns, and data gaps relevant to climate risk monitoring and insurance applications.
The assignment also includes the development of a country-adaptable index monitoring framework to support parametric insurance products and claims payouts. This framework will define trigger parameters, identify data sources and validation procedures, and establish monitoring and reporting protocols. The system is expected to rely on publicly accessible datasets and enable local insurers to independently operate and verify insurance triggers and payouts.
In addition, the selected organization will design user-friendly digital tools and automated calculation systems for real-time monitoring and claims verification. These tools may include dashboards, web-based platforms, and automated templates that support local insurers and relevant stakeholders in managing climate risk data and insurance verification processes.
Capacity-building activities form another major component of the project. Structured training programmes will be delivered to insurance companies, National Disaster Management Offices, meteorological services, central banks, and insurance regulators. Training topics will include index-based insurance concepts, data interpretation, monitoring systems, claims verification procedures, and the practical use of digital tools and dashboards. The programme will include live virtual workshops, recorded learning modules, and practical exercises using real datasets.
All project activities, methodologies, findings, and lessons learned will be documented in detailed reports and knowledge products. These reports will include information on hazard analysis methodologies, index system design, source code access across system components, and recommendations for future implementation and scaling.
To qualify for this opportunity, applicants must have a minimum of five years of experience in risk modelling and web design within the Pacific region. Applicants must also be legally registered institutions or companies with demonstrated experience working in Pacific Island countries.
For more information, visit UNDP.
