VIETNAM National Task Force Meeting May 23rd 2019 Hanoi

Agenda and Flow of the Meeting Time Activity 8:30 – 9:00 Arrival and Registration of participants 9:00 – 9:10 Opening messages   9:10 – 9:45 Presentation of the workplan of RFPI and of each partner Review of conceptual framework Alignment of objectives and roles of project and partners 9:45 – 10:00 Agreement on timeline of project activities and collaboration between each partner 10:00 – 10:30 Proposed project business model 10:30 – 11.00 Criteria for the selection of project areas/provinces 11:00 – 11:30 CRI Monitoring & Evaluation concept 11.30 – 11.40 Conclusion 12:10 Lunch Break May 20, 2019 1st Climate Risk Insurance National Task Force Meeting

GIZ RFPI III – Overview of Conceptual Framework (Vietnam) I. POLICY AND REGULATION   II. BUSINESS MODEL III. USE OF TECHNOLOGY A. Developing implementing guidelines (integration of CRI/DRI solutions) for: A. Data: CRI risk assessment (GIZ RIICE experience) A. Developing a tech platform to support: 1) Decree 58/2018/ND-CP Expansion of Agriculture Insurance B. CRI Product development for two market segments 1) Risk modelling, product development and delivery 2) Microinsurance decree (currently in draft form) 1) Agriculture sector (index-based) 2) Awareness raising 2) Microinsurance sector B. Dissemination of the guidelines (including designing of communication materials & strategy) 3) Learning management C. Raising Insurance awareness IV. CRI HUB (through MEFIN Network) A. Capacity Development (CD) of public and private stakeholders (formulation & dissemination of the implementing guidelines, risk assessment, modelling, product development, weather-index based insurance) B. Knowledge Management (KM) C. Public Private Dialogue (PPD) Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia III) www.inclusiveinsuranceasia.com

2nd Climate Risk Insurance National Task Force Meeting RFPI VN Workplan Short term objective: Support for the implementation of agricultural insurance in the context of climate – risk Support for the conceptualization and formulation of disaster risk insurance in Vietnam Study of disaster risk insurance and climate risk insurance in Vietnam MOF Review of DRI policies Evaluation of existing international CRI experiences ("good practices"). MOF, MARD, IAV, VNFU, VWU Study trip Advising the partner organizations on the development of CRI/DRI concept papers in Vietnam context Technical meetings, workshop to develop concept papers Advising partner governments on the formulation of policy papers on the integration of CRI into their DRM, social protection and mitigation measures. MARD, MOF Agriculture insurance (product, distribution, handbook, etc) Identification of partners for the development and marketing of CRI/DRI products. IAV Technical workshops Analysis of the services of aggregators (i.e. distribution channels such as microfinance institutions, insurance brokers), taking into account the adjusted KPIs. IAV,MOF,VNFU, VWU Research on biz model, channels, material, communication, etc. Advising the private insurance industry on the establishment of CRI/AI consortium. IAV and MOF Study on conditions for insurers Advising partners (including selected insurers) on the development of high quality CRI products in reference of the KPI. VWU Biz models, products, digital distribution channels May 23, 2019 2nd Climate Risk Insurance National Task Force Meeting

Agenda Item No. 2 Criteria-setting for the Selection of Project Areas Action Needed For Approval: Selection criteria, number of areas to be supported by RFPI

Criteria-setting for the Selection of CRI Project Areas Purpose of discussion: Give overview how other climate and disaster risk insurance initiatives selected their project areas and beneficiaries Enable NTF members to decide set of criteria to consider in selecting CRI Program project areas Expected engagements with project areas: Review of local climate change and disaster risk reduction and management policy and funding priorities Product development and launch Inclusion in information and education campaigns

Example of PHIL World Bank Parametric Insurance Pilot PHP1 billion cover against typhoons and earthquakes for NGAs and 25 highly vulnerable provinces provided through GSIS ADB Philippine City Disaster Insurance Pool Provides parametric insurance cover against typhoons and earthquakes through risk pooling arrangement Aim is to rapid post-disaster financing for early recovery Initial pool capital provided by government with reinsurance purchased from domestic and international markets

Focus of joint disaster risk management interventions by government and development actors has been INSTITUTIONAL STRENGTHENING stocktaking of DRM investments evaluation of international best practices improving information systems enhancing regulatory frameworks for infrastructure management capacity building for local planning developing guidelines and action plans for awareness raising OPPORTUNITY to develop concrete financial protection products/instruments to benefit households, farmers!

National Agriculture Insurance Pilot Program

Proposed criteria to use in selecting priority areas Inclusion in priority areas of Climate Change and disasters (VDMA) Demographic and economic size Geographic location Hazards data availability Disaster risk management governance (presence of champion) Risk exposure to typhoon and flood Support of local champion Presence and reach of distribution channels (ex. MFIs, pawnshops) Concentration of MSMEs

Agenda Item No. 3 CRI Monitoring & Evaluation (M&E) Concept Action Needed For Approval

CRI Monitoring & Evaluation Concept Joint Monitoring & Evaluation Components Sustainable Development Goals (SDGs) Monitoring Integration with the Community-Based Monitoring System RFPI III Internal M&E

LGU Scorecard SDGs Monitoring SDGs SDG 1 No poverty SDG 2 Zero hunger SDG 3 Good Health SDG 8 Sustainable economic growth SDG 9 Industry, Innovation and Infrastructure SDG 11 Sustainable Cities and Communities SDG 13 Climate adaptation measures LGU Scorecard SDGs

Integration with the Community-Based Monitoring System Social protection: CRI CBMS Key Indicators Ex. # of households with CRI coverage

Deliverables RESULTS LEVEL OBJECTIVE LEVEL RI.1 OI.1 RI.2 RI.3 OI.2 3 CRI concept papers developed by the national CRI task forces   RI.1 Results Indicator (RI) Component 1 National CRI concept Cross-border criteria for high-quality CRI products are coordinated by relevant actors RI.2 In 2 countries, members of 2 CRI insurance groups are qualified to develop high quality products RI.3 Component 2 Product Development 4 new CRI-relevant knowledge products on digital technologies are developed together with insurers and presented at 4 different events RI.4 3 Proposals for customer protection regarding the regulation of digital technologies (including cyber security) in CRI products have been promulgated with the insurance supervisors in cooperation with A2ii. Component 3 Use of digital technologies RI.5 5 of 7 MEFIN-affiliated insurance supervisors agree that the project-supported events and knowledge products of the 3 insurance regulators in 3 partner countries are useful in implementing CRI and A2ii-related topics for the implementation of regulations. RI.6 Roadmap for sustained support of insurance supervisors to inclusive insurance markets & the strengthening of MEFIN has been developed with the A2ii. MEFIN network , a CRI Hub Component 4 RI.7 OBJECTIVE LEVEL 3 partner governments have included CRI explicitly targeting the poor, the extremely poor, and most at-risk in their national resilience strategies.   OI.1 Objective Indicators (OI) 4 million (50% women) of the poorest and most at-risk populations in three partner countries are covered by new CRI products offered by governments. OI.2 3 new digitally supported business models, 1 of which focuses on payment modalities, have been introduced with insurers. OI.3 2 international standard implementation plans for the regulation of CRI solutions have been developed by insurance supervisors of the partner countries. OI.4

Agenda Item No. 4 Next Steps Action Needed For Approval: Date of next NTF meeting

Proposed next meetings dates and agenda items Schedules Agenda 2nd TWG Policy & Regulation August 9:00 – 12:00 Please refer to reference material 2nd TWG Business Model & Use of Technology (combined) 14:00 – 17:00 3rd TWG Policy & Regulation November (parallel meetings) 3rd TWG Business Model & Use of Technology (combined) 2nd NTF Meeting

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