Expression of Interest For Actuarial And Accounting Advice For A Credit Guarantee Business Model In South Af ... in South Africa

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Expression of Interest for Actuarial and Accounting Advice for a Credit Guarantee Business Model in South Africa The World Bank requires an advisor to refine the financial modeling scenarios of the CGV including accounting and actuarial assumptions based on the business model developed, as well as South Africas applicable financial sector regulations. Results from this analysis will inform the World Bank on the different trade-offs and options in the CGV business model. The assignment will be conducted in close coordination with the World Bank team and the financial advisor retained for the financial modeling. It is expected the following aspects will be covered: Calibration and adaptation of the financial simulation model for its stage No. 3 development. Analysis of the underlying assumptions that are considered in the financial simulation model, and other relevant business and legal aspects in the South African context that will influence the actuarial and accounting analysis (see details in Annex). Assessment of the capital requirements of the entity issuing the credit guarantees under different financial modeling scenarios. Assumptions that would need to be taken into account are requirements of South African Laws for non-life insurance business models. Assessment, under different modelling scenarios, of the impact of the credit guarantee coverage on solvency ratios and prudential ratios (liquidity, stress test) of commercial lenders or bond holders, considering the capital regulations under the South Africans Banks Act as well as Basel III & IV. Assessment of the potential impact of the International Financial Reporting Standards (IFRS) on the CGV business model, as well as banks and bond-holder beneficiaries of the guarantee, under the different scenarios mentioned above. Evaluation and trade-offs of the impact of applicable risk mitigation instruments, such as reinsurance agreements (and any other risk-management products or approaches), relevant to assess different scenarios of the solvency capital requirements of the CGV to place the risk in the international market at affordable levels. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/5727/view.html

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