Terms of Reference (ToR) for External Expertise for supporting IDF: Technical Content Developer for Risk Modelling Trainings

Date: 10 July 2026
Subject: Request for Proposal – External Expertise for supporting IDF: Technical Content Developer for Risk Modelling Trainings 

Frankfurt School of Finance & Management gGmbH, implementing the project “Global Shield Secretariat Transition”, invites you to submit a proposal and quotation for the delivery of services as described in the attached Terms of Reference (ToR) below.

Please submit your complete offer to opportunities@fs.deby 24 July 2026 18.00 (CEST) quoting the assignment title in the email subject.

Submissions must include:

• Accompanying email referencing this invitation 
• Confirmation of eligibility (use Annex 1) 
• Expert CV (use Annex 2) 
• Technical and Financial offer (EUR) (use Annex 3)

2.1 Background

Launched at COP27 by the Vulnerable Twenty (V20) Group and the Group of Seven (G7), the Global Shield against Climate Risks (GS) aims to increase protection for vulnerable people and countries and contribute to effectively responding to loss and damage from climate change. The Global Shield promotes an inclusive, gender-responsive and demand-driven process, which is led by the vulnerable countries’ governments (https://www.globalshield.org/).  

Within the initiative the Global Shield Secretariat serves all Global Shield Governance bodies. It facilitates knowledge management and tracks progress in achieving the objectives of the Global Shield against Climate Risks. It also enhances its visibility.   

The Global Shield Secretariat has been hosted at Frankfurt School of Finance & Management (FS) since January 1, 2026.

Under the GS & IDF partnership, the Global Shield Secretariat and Insurance Development Forum (IDF) seek to strengthen the enabling environment for sustainable insurance market development and build technical capacity across insurance supervisory authorities. To these ends, one of the partnership’s core pillars focuses on strengthening supervisory, regulatory and analytical capacity necessary to support sustainable insurance market development. This includes strengthening understanding and practical application of risk modelling to support improved decision-making, supervision and insurance market development. It would also include materials on index insurance. 

Within this context, Frankfurt School seeks to recruit an individual consultant, or team of consultants, to support the design, development and delivery of technical trainings on risk modelling and analytics for insurance supervisors. The assignment will support the creation of modular training resources that can be delivered through in-person training programmes. It will also support the development and delivery of ad-hoc risk modelling trainings as required. 

The consultant will work closely with the Global Shield and IDF Secretariats and build on materials developed through previous initiatives and partner engagement.

2.2 Objectives

Overall Objective

To strengthen technical capacity on risk modelling and analytics through the development of practical, modular and reusable training content that supports insurance supervisory authorities.

Specific Objectives

1. Develop and validate a foundational training curriculum and supporting materials for risk modelling trainings in person.
2. Develop and validate a number of advanced training modules covering topics such as catastrophe risk modelling interpretation and practical application in supervision and index insurance supervision. Final list of topics subject to outcome of consultants research on country needs and demand. 
3. Produce practical learning materials and case studies that support knowledge transfer and participant engagement.
4. Support development and delivery of ad-hoc risk modelling trainings as required.

2.3 Scope of Work / Deliverables

Task 1: Develop a modular core curriculum for in person risk modelling trainings

Task 2: Develop and deliver ad-hoc risk modelling training(s)

For the contracting period from the 3 August 2026 to 19 February 2027 the contractor will submit a timeline with milestones to be achieved by certain dates during the contract term. Any delays, or inability to fulfil such milestones must be communicate immediately to the FS.  

2.4 Duration & Location

• Duration: 3 August  2026 – 19 February 2027 - Up to 115 working days over the contract period (equivalent to approximately 80% level of effort). Actual distribution of days may vary depending on delivery milestones.

• Location: Remote and attendance at up to 4 training events

   

2.5 Reporting & Supervision

• Reports to: GS Sec Senior Advisor 

• Coordination with: Global Shield Secretariat and IDF Secretariat

• Progress reporting frequency: Monthly progress updates and milestone-based reporting

• Submission format for deliverables: Deliverables submitted electronically in various editable formats including word, PowerPoint and PDF. 

   

2.6 Eligibility Criteria

Minimum mandatory criteria to submit a bid:

Applicants must demonstrate the following qualifications and experience:

Education

• Advanced university degree (Master’s level or equivalent) in actuarial science, risk modelling, economics, finance, insurance, disaster risk management, engineering, climate science, statistics, public policy, or another relevant quantitative discipline.

Professional Experience

• Minimum 10 years of progressively responsible professional experience in one or more of the following areas:
  • catastrophe risk modelling;
  • physical risk modelling;
  • climate and disaster risk analytics;
  • insurance and reinsurance;
  • insurance supervision and regulation;
  • climate and disaster risk financing and insurance (CDRFI); and/or
  • financial sector capacity development.

• Demonstrated experience designing and delivering technical training curricula, training modules and learning materials for professional or institutional audiences.

• Proven experience developing training content, presentations, facilitator guides, case studies and participant materials.

• Demonstrated experience translating complex technical concepts into practical and accessible learning materials for non-technical and mixed technical audiences.

• Demonstrated experience supporting capacity building, technical assistance, training delivery or institutional strengthening programmes.

• Experience working with governments, supervisory authorities, international organisations, development partners, insurance regulators and/or insurance market actors is required.

• Experience working in emerging markets and developing economies (EMDEs)

Technical Competencies

• Strong technical understanding of risk modelling concepts and methodologies.
• Demonstrated knowledge of interpretation and practical application of catastrophe risk modelling outputs in supervisory, policy or market contexts.
• Experience working with and designing index insurance products across a range of applications
• Familiarity with insurance market development, regulatory frameworks and climate risk management is highly desirable.

Languages

• Excellent written and spoken English (required).
• Additional language skills relevant to Global Shield countries would be considered an asset.

Availability

• Availability to deliver the assignment between 3 August 2026 and 19 February 2027, with an estimated level of effort of up to 115 working days.

Applicants must verify their eligibility for this opportunity using Annex 1 as the required template and their Technical Proposal.

The applicant needs to provide the CV of the expert forseen to provide the services. The CV must cover:

• Full name and contact details

• 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

• At least two professional references (name, position, contact)

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

4.1 Technical and Financial Proposal

Please complete Annex 3.

The offer should be valid for a minimum of 30 calendar days.

Please show VAT separately (if applicable). Financial proposals should be in EUR.

4.2 Submission Instructions

• Submit electronic copies to:opportunities@fs.de

• Submission deadline: 24 July 2026 18.00 CEST 

• Clarification requests: contact opportunities@fs.de.  Any questions on the ToR must be submitted 2 business days before the end of the deadline. 

4.3Evaluation Criteria & Weighting

Submissions will be evaluated in consideration of the following evaluation criteria:  

To qualify for financial evaluation, the proposal must achieve a minimum technical score of 49 points (70%). The financial offer will account for a maximum of 30 points.

Final Selection

The final score will be calculated as:

Final Score = Technical Score (70%) + Financial Score (30%)

The contract will be awarded to the proposal receiving the highest combined score.

Applicants may be requested to provide sample training materials, course outlines, presentation decks or examples of previous learning products as part of the technical evaluation.