GTF Swiss Re PFI Support

completed

The project is a technical partnership with Swiss Re, a global reinsurer. Phase I establishes a work plan and strategy for the partnership, encompassing existing and new projects as well as knowledge management and aggregation. Phase II (through 2013) implements the work plan, including a technical review of existing projects, building up of the new-project pipeline, and development of projects led by Swiss Re. Objectives are to: 1) establish a competitive marketplace for reinsurance, enabling access to regional and global secondary markets (reinsurers) for risk mitigation; 2) provide technical support for project development, including technical analysis of current and future projects submitted for grant funding to the GIIF (Global Index Insurance Facility) Trust Fund (GTF); and 3) provide technical services to IFC in broader scoping and awareness-raising work, along with IFC regional staff and experts. Longer-term outcomes include entry into the international market of up to three new leading reinsurers by 2013, development and implementation of up to eight products (two products over two countries per year, over the next two years), and increased profile and capacity of GIIF