Parametric Insurance (Expression of Interest, Small-Value Procurement) 2026 Tender
Original: Seguro Paramétrico (Manifestación de interés (Menor Cuantía))
SECRETARIA DISTRITAL DE DESARROLLO ECONOMICO - ALCALDIA BOGOTÁ
In context
This is a contract notice published by a government body covering services. Delivery covers Colombia (LatAm). It is classified under Climate Adaptation against the sustainability taxonomy rather than matched on keywords.
The Bogotá Secretariat of Economic Development seeks to contract a parametric insurance policy from a legally licensed Colombian insurer to protect rural productive units and enterprises against economic losses from climate events. Bidders must be licensed insurance companies, so small climate-tech startups without insurer status are unlikely to fit.
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About this tender
Contratar un seguro paramétrico con una compañía de seguros legalmente autorizada para operar en Colombia, destinado a la protección de las unidades productivas y/o emprendimientos rurales de Bogotá D.C., en el marco de los programas de la Secretaría Distrital de Desarrollo Económico, con el fin de mitigar los efectos económicos adversos derivados de la ocurrencia de eventos climáticos, de conformidad con las condiciones y especificaciones establecidas en los documentos del proceso.
Key requirements
- ✓Bidder must be an insurance company legally authorized to operate in Colombia
- ✓Parametric policy protecting rural productive units and enterprises in Bogotá D.C. against climate events
- ✓Expression of interest under small-value (menor cuantía) procurement rules
Relevant sectors
About this sector
Climate adaptation funding helps communities, infrastructure and businesses prepare for heat, flooding, drought and sea level rise. Most of it is public and multilateral money, often targeted at vulnerable regions and delivered with local government. Calls usually ask for a climate risk assessment and evidence that local people shaped the plan.
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