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

2. 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

3. 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
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4. KEY PARTNERSHIP PLATFORMS – International & Regional
05/12/2019
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5. 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)

6. 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
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7. 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

8. Mongolian Sustainable Finance Initiative Type presentation title here
05/12/2019
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9. 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
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10. 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
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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
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12. Type presentation title here
#END# Thank You.
05/12/2019
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