Highlights of PPD7 Session on Partnership Platforms Diana Almoro Senior Advisor, GIZ RFPI Asia 15 October 2019, Tuesdays with MEFIN

Session Objectives and Speakers Spotlight on multi-stakeholder dialogue and cooperation platforms or initiatives that engage regulators, insurance industry, market development facilitators towards promotion of climate risk insurance Dirk Reinhardt, Vice Chairman, Munich Re Foundation Dr. Antonis Malagardis, Program Director, GIZ RFPI Asia Mr. Naidalaa Badrakh, CEO and Board Member, Mongolian Sustainable Finance Association Mr. Ulziibold Yadamsuren, National Disaster Risk Reduction and Climate Change Expert 12/5/2019

The Role of Partnership Platforms Insurance industry Increased access Appropriate risk management based on insurance principles Multilateral organisations Greater resilience NGOs Knowledge sharing Dialogue Best practices Research etc. Governments, regulators etc. Better risk management Source: Presentation, Dirk Reinhardt, PPD7, 2019 05/12/2019 Type presentation title here

KEY PARTNERSHIP PLATFORMS – International & Regional 05/12/2019 Type presentation title here

Knowledge Management in the MEFIN Network Interaction/ Sharing of Ideas Documenting Interactions Knowledge Management in the MEFIN Network Panel discussions (PPDs) Inputs from experts (events, webinars, BAG) Application of regulatory instrument (workshops, interviews) Member to member interaction (events, Skype, FB, Viber, WhatsApp) Factsheets on business model Reports on use of instruments PPD documentation Concept papers Study reports Application of Learnings New internal processes New internal structure New regulations New business models Capacity development to develop MI markets Advocacy /raising awareness on MI/II Putting Together Many Sources Public private dialogue (event) Website Newsletter Training manuals Social media *SECI Model (Nonaka & Takeuchi 1996)

KEY PARTNERSHIP PLATFORMS – National Technical Working Groups Zambia Microinsurance Technical Working Group – market development usually starts with country diagnosis leading to roadmap Tanzania Technical Working Group – TWG as key microinsurance coordination platform for regulatory environment, demand stimulation, supply strengthening Philippine Climate Risk Insurance (CRI) National Task Force and Technical Working Groups – 17 members from government, private sector and development agency integrating CRI into disaster risk reduction and management country approaches Vietnam Climate Risk Insurance National Task Force and Technical Working Groups - aligning CRI to national agriculture insurance policy implementation with help of Women’s Union and Farmers Union 05/12/2019 Type presentation title here

Mongolian Sustainable Finance Initiative 4. Knowledge-Research/Green Finance /Investment Center Sustainable Financial Industry Sustainable Business Industries Green Finance Knowledge Green Finance/Investment Center Green Economy 1. SF framework development Principles, guidelines, Steering Committee Integration of ESG into the banking RM framework 2. Regulators/ Stakeholder engagement Expansion of cooperation/ network Capacity building 3. Green Finance and Business Industries Knowledge sharing with other SBN members Sustainable Finance Roadmap: Going Beyond Banking MGFC Green Bond

Mongolian Sustainable Finance Initiative Type presentation title here 05/12/2019 Type presentation title here

Type presentation title here Index-based Livestock Insurance Mongolia: from Project to Legally Mandated Scheme 2001: The Gov.t of Mongolia started the Mongolian market research with the WB and Food and Agriculture Organization of the UN. 2005: The Gov.t of Mongolia and the WB’s International Development Association signed an IBLI project development loan agreement. 2006: IBLI project was started in Bayankhongor, Uvs and Khentii aimags. 2010: The monetary amount of livestock mortality in the Zud was equal to 4.4% of the total economy, therefore, the IBLI had been expanded to all 21 aimags. 2014: “Law on Index-Based Livestock Insurance” was passed. 2014: Agricultural Reinsurance JSC was established. 05/12/2019 Type presentation title here

CHALLENGES >>> SOLUTIONS Availability of insurance solutions Trust Low premium and high transaction costs per client, client, lack of cost efficient payment methods Low and irregular income Insurance illiteracy Lack of insurance knowledge Lack of infrastructure Lack of data Regulation Climate change Show business case Create value for the customer Efficient distribution channels, volume is key, indemnity vs. index, use of technology Understand the customer needs Education programs / KISS: Keep It Simple Stupid Education Technology Create and enabling environment Combine micro, meso and macro Source: Presentation, Dirk Reinhardt, PPD7, 2019 05/12/2019 Type presentation title here

Type presentation title here RECOMMENDATIONS Platforms are important on all levels National platforms drive development – link to National Insurance Associations (understanding of mandates is key) Have a strategic workplan Start with a „diagnostic study“ Have a strong coordinator! Involve all stakeholders! Source: Presentation, Dirk Reinhardt, PPD7, 2019 05/12/2019 Type presentation title here

Type presentation title here #END# Thank You. 05/12/2019 Type presentation title here