1. VIETNAM National Task Force Meeting May 23rd 2019 Hanoi

2. 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

3. 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)

4. 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

5. 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

6. 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

7. 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

8. 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!

9. National Agriculture Insurance Pilot Program

10. 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

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

12. 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

13. 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

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

15. 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

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

17. 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

18. #END# Thank You