The World Bank has been assisting theGovernment of Colombia (GoC) since 2012 in the preparationand implementation of an Integrated Disaster Risk Financingand Insurance (DRFI) strategy. To reduce GoC’s contingentliabilities to catastrophe risk, one component of the DRFIstrategy seeks to enhance insurance requirements forconcessions under Public Private Partnerships (PPPs). TheWorld Bank delivered technical guidelines on insurancerequirements for PPPs to the Ministry of Finance (MHCP).These have been integrated into the Master InsuranceContract, to which all PPPs must abide. The enhancedinsurance contract provides minimum requirements forcontract participants; standards and covers; underwritinginformation; and terms and conditions to reflectinternational (re)insurance market best practice.