Gold Standard is seeking a consultant to conduct a review of the process for approving private insurance policies, planned as part of a standard internal quality assurance process. The purpose of the review to assess the effectiveness and efficiency of the current process, to identify any areas where it might be improved.
The review will cover the following elements:
- Criteria: Recommend any changes to Gold Standard’s CORSIA Criteria for approved insurance policies or related instruments, based on initial application and other factors. We do not expect major changes to the criteria. However, the review should confirm if the scope of the current criteria is still correct and is not unnecessarily excluding market participants, as well as if additional conditions / requirements should be considered.
- Approval process: To assess the efficiency and suitability of the approval process, as well as reviewing the assessment decisions reached on the approved insurance policies and providing any recommendations for future strengthening. For this, both the policies and the assessments completed by Howden will be made available to the consultant.
- Reassessment process: Recommendations for how the annual reassessment process should be run in a way that minimises additional work for Howden and approved insurance providers.
The output will be a written report of around 10-15 pages, with a limited number of interviews with key market stakeholders constituting a key input to the review’s findings. The report will not be made public.