Analysis of Climate Change Impacts on Crop Insurance

This bid solicitation is being issued to satisfy the requirement of Agriculture and Agri-Food Canada. It is intended to result in the award of one (1) contract from contract award to March 31, 2025 with two (2), one (1) year option periods. Agriculture and Agri-Food Canada (AAFC) is seeking professional services of a multi-disciplinary firm with specialized experience in crop insurance, crop yield modeling and climate change to develop an analysis for the AgriInsurance Program. The objective of the project is to determine if climate change is a major driver of extraordinary premium costs that would be incurred by Government and producers. Current premium pricing methodologies rely on historic data which may not be representative of future conditions. For the analysis, the contractor will develop a digital tool or software to model future yields and yield volatility under different climate change scenarios and with provincial crop data. This project is forward-looking and innovative since it will use forecasted future states which can be evaluated against current actuarial pricing methodologies. The long-term intent of the project is to inform AAFC if premium pricing methodologies need to evolve to better integrate climate change considerations. The failure by companies to bid in Canadian dollars (a mandatory requirement of the solicitation) is sufficient to make its proposal non-compliant. AAFC will reject a company's bid made in any currency other than Canadian. There is a Security component associated with this requirement.