The Inter-American Development Bank (IDB) has contracted K&M Advisors LLC (K&M) to support the establishment of CWUIC SP, an insurance company for Caribbean water and sanitation utilities to provide reasonably priced natural disaster insurance, as well as complementary post-disaster operational support and loans for resilient infrastructure investments. K&M supported the IDB Group with the conceptualization and development of CWUIC SP since 2019. Through this assignment, K&M will continue supporting the IDB and other entities related to CWUIC SP with the establishment of and initial operations of CWUIC SP.
Within this assignment, K&M has been assigned a range of responsibilities to support the Caribbean Water Utilities Insurance Company Special Purpose (CWUIC SP) project. These responsibilities include promoting CWUIC SP training and awareness at the Caribbean Water and Wastewater Association (CWWA) conference, facilitating the collection of data essential for CWUIC SP’s risk modeling, providing advisory services to the CWUIC SP Working Group regarding its implementation, and developing a preliminary Financial Model for the capitalization of CWUIC SP. Additionally, K&M is tasked with engaging various stakeholders such as Caribbean water utilities, governmental bodies, insurance brokers, and regulators. They are also responsible for preparing Statements of Work (SOWs) for consultancy services funded by the Foreign, Commonwealth & Development Office (FCDO), structuring Component 3 of CWUIC SP, conducting Component 3 training, and actively supporting the Inter-American Development Bank (IDB) in fundraising efforts for CWUIC SP. These responsibilities collectively contribute to the successful realization of the CWUIC SP project’s objectives.