Local Experts on Climate Disaster Risk Finance and Insurance in Indonesia

Date: 06.03.2026

Subject: Request for Proposal – Local Experts on Climate Disaster Risk Finance and Insurance in Indonesia

Frankfurt School of Finance & Management gGmbH, providing assistance on Disaster Risk Management and Adaptive Social Protection in Indonesia invites you to submit a proposal for the delivery of services as described in the Terms of References (ToR) below. Please submit your complete offer to opportunities@fs.de by 20 March, 18.00 CET quoting Request for Proposals_Local Experts for CDRFI in Indonesia in the email subject.

Submission must include:

• Accompanying E-Mail referencing this invitation 
• Confirmation of eligibility (use Annex 1) 
• Expert CV (use Annex 2) 
• Technical proposal and financial offer (EUR) (use Annex 3)

2.1 Background

Indonesia faces frequent and severe natural hazards - including earthquakes, floods, droughts, and volcanic eruptions - that cause significant social and economic disruptions. These recurring shocks challenge the country’s fiscal resilience and its ability to protect vulnerable populations.

Recognising the growing importance of risk-informed and adaptive systems, the Government of Indonesia is pursuing an integrated approach linking Disaster Risk Management (DRM), Climate Change Adaptation (CCA), and Social Protection (SP) - collectively referred to as Adaptive Social Protection (ASP).

Under this framework, financial mechanisms such as insurance, contingency funds, and shock-responsive finance are essential tools to ensure rapid, predictable, and sustainable funding for disaster response and recovery. To support this vision, GIZ, in collaboration with the National Disaster Management Authority (BNPB) and Frankfurt School of Finance & Management (FS), is implementing assistance to strengthen Indonesia’s disaster risk financing architecture.

As part of this effort, a Market Study (MS) will be conducted to identify existing gaps, opportunities, and potential instruments in the current climate and disaster risk finance and insurance (CDRFI) landscape in Indonesia - focusing on villages in West Nusa Tenggara (NTB) as well as the provinces Aceh, North Tapanuli, West Sumatra and South Kalimantan. The

findings will inform the design of future pilot activities and capacity-building efforts under the GIZ-BNPB-FS partnership.

2.2 Objectives

The overall objective of this Consultancy is to support the analysis and implementation of a Market Study on Climate Disaster Risk Finance and Insurance in Indonesia, with specific attention to:

• Analysing both supply and demand perspectives, including the needs of local communities, i.e smallholder farmers, MSMEs, women & youth and financial service providers through the preparation and implementation of stakeholder consultations and focus group discussions,
• Identifying financial, regulatory, and institutional gaps that limit effective disaster risk financing,
• Support in reviewing existing disaster risk finance and insurance instruments, policies, and institutions in Indonesia, with a focus on NTB (as well as Aceh, North Tapanuli, West Sumatra and South Kalimantan),
• Developing actionable recommendations for strengthening the CDRFI ecosystem, including public–private partnerships and potential pilot initiatives.

The consultancy company will work closely with the FS team to ensure methodological coherence, technical depth, and policy relevance of the final deliverables.

2.3 Scope of Work / Key Taks for Selected Consultants

(1) Preparatory Work and Desk Review (up to 10 working days)

Literature and Regulatory Review

• Review relevant literature, policy documents, regulatory frameworks and laws on DRM, ASP, financial inclusion and disaster risk financing and insurance in Indonesia, with focus on primary sources and documents published in Indonesian,
• Analyse previous studies and data sources from institutions, including but not limited to BNPB, MoF, Bappenas, OJK, microfinance institutions, insurance and reinsurance companies and the World Bank with particular focus on studies published in Indonesian.

Budgetary Mapping of Disaster Risk Financing and Insurance in Indonesia

• Contribute to the identification and analysis of DRM-related budgetary instruments categories (before and after shocks),
• Assessment of scale, accessibility and timeliness of each instrument,
• Review relevant insurance policies (incl. premium payments, affordability, coverage, target beneficiaries claims and payout schemes).

(2) Stakeholder Consultations and Data Collection Support (up to 25 working days)

•  Provide technical input to develop and refine the survey framework, interview guides, and analytical tools for the Market Study,
•  Support the design and implementation of key informant interviews and focus group discussions (FGDs) with government agencies, financial institutions, insurers, NGOs, and private sector stakeholders,
•  Organization and coordination of stakeholder consultations and travel arrangements to and within the study sites,
•  Engage and convene key stakeholders in selected interviews to capture good international practices and comparative insights,
•  Identify potential partnership opportunities for future CDRFI interventions,
•  Support in limited translation from Indonesian into English and vice versa.

(3) Data Analysis and Reporting (up to 5 working days)

•  Contribute to the analysis of collected data, synthesising findings into clear narratives and evidence-based conclusions,
•  Support the preparation of a Market Study Report, including sections on enabling environment, market dynamics, and identified financing gaps,
•  Draft concise policy recommendations and technical notes outlining feasible actions for strengthening Indonesia’s disaster risk financing ecosystem.

2.3 Duration and Location

•  2-3 experts of the consultancy will be contracted for a total of up to 40 working days.
•  The work will be home-based with a mission trip to West Nusa Tenggara (NTB) and potentially other provinces in Indonesia (Aceh, North Tapanuli, West Sumatra and South Kalimantan).

2.4 Required Expertise for Selected Consultancy

The selected local experts should demonstrate the following qualifications, skills, and experience:

Education:

• At least a Bachelor's degree in economics, finance, public financial management, development studies, or a related field. A Master's degree is preferred.

Professional Experience:

• 5- 10 years of relevant professional experience in disaster risk finance, financial inclusion, or public financial management, preferably in developing or emerging economies.
• Proven experience conducting gap analyses, risk assessments, or policy studies in financial governance, disaster risk management, or adaptive social protection.
• Strong track record in working with international development partners (preferably GIZ, EU, or similar) and government institutions at national and subnational levels.
• Demonstrated expertise in development cooperation projects.
• Experience in local expert consultations and organizing field missions.

Skills and Competencies:

• Excellent analytical skills, including the use of financial and economic modelling, cost-benefit and risk analysis.
• Strong knowledge of international practices in disaster risk financing, ASP financing, and fiscal risk management.
• Ability to work independently and produce high-quality outputs under tight deadlines.
• Outstanding facilitation, communication, and intercultural skills.

Languages:

• Excellent command of English (written and spoken).
• Excellent command of Bahasan Indonesian (written and spoken).

The applicant needs to provide the CV(s) of the experts foreseen to provide the services. The CV must cover:

• Full name
• Education and professional qualifications
• Detailed employment history (company/role/dates)
• Relevant assignments and outputs (with client references: name, email addresses or phone number)
• Language skills and availability.

(CVs shall be submitted using the format as in Annex 2)

4.1 Technical Proposal

The technical proposal should contain:

• Understanding of assignment & approach/methodology
• Implementation risks and mitigation measures
• Deliverable descriptions and quality assurance approach
• Estimated timeframe for completing the tasks (as outlined in section 2.3)
• Team composition and CVs of team members
• Organisational profile
• Copy of business registration and permits.

4.2  Financial Proposal

• Itemized cost breakdown (unit price, quantity, unit description)
• Subtotals per cost category (labour, materials, travel, other)
• The fee indication must show VAT separately (if applicable) and must be in EUR.
• Offer validity: Minimum 30 calendar days.

Use Financial and Technical Proposal Template as in Annex 3

4.3  Submission Instructions

• Submit electronic copies to: opportunities@fs.de
• Submission deadline (date/time CET):20.03.2026/18:00 CET
• Clarification requests: contact opportunities@fs.de. Any questions on the ToR must be submitted 4 business days before the end of the deadline.

4.4  Evaluation Criteria & Weighting

All proposals will be evaluated using the following weighted criteria: