RFP Develop Climate-Induced Microinsurance Product for RMG Workers and Families

Description

United Nations Capital Development Fund (UNCDF), the UN’s flagship catalytic blended financing platform, supports market development by enabling access to finance in high-risk environments through financial instruments, mechanisms, and advisory services. With a unique mandate, UNCDF blends and deploys grants, loans, and guarantees alongside related advisory support.The overall objective is to develop a parametric insurance product for addressing the health hazards and lowered productivity of RMG workers faced due to climate change (namely extreme heat, extreme wind, extreme rain, flood and drought and geo hazards such as earthquakes, tsunami) in Bangladesh through a blended finance approach. The product will also address the financial and technical limitations of Insurers and Financial Ser