VIETNAM National Task Force Meeting May 23 rd 2019 Hanoi

1. VIETNAM National Task Force MeetingMay 23rd 2019Hanoi

2. Agenda and Flow of the Meeting 1st Climate Risk Insurance National Task Force Meeting

3. GIZ RFPI III – Overview of Conceptual Framework (Vietnam) Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia III)www.inclusiveinsuranceasia.com

4. 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 RFPI VN Workplan 2nd Climate Risk Insurance National Task Force Meeting

5. Agenda Item No. 2Criteria-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. 3CRI Monitoring & Evaluation (M&E) ConceptAction 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. SDGs Monitoring 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

14. Integration with the Community-Based Monitoring System

15. Component 3 Use of digital technologies OI.1 Objective Indicators (OI) OI.2 Component 2 Product Development Component 4 MEFINnetwork , a CRI Hub OI.4 Component 1 National CRI concept 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. 2 international standard implementation plans for the regulation of CRI solutions have been developed by insurance supervisors of the partner countries. 3 partner governments have included CRI explicitly targeting the poor, the extremely poor, and most at-risk in their national resilience strategies. RI.1 Results Indicator (RI) RI.2 RI.6 RI.4 Cross-border criteria for high-quality CRI products are coordinated by relevant actors 4 new CRI-relevant knowledge products on digital technologies are developed together with insurers and presented at 4 different events 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. 3 CRI concept papers developed by the national CRI task forces 3 new digitally supported business models, 1 of which focuses on payment modalities, have been introduced with insurers. OI.3 RI.3 In 2 countries, members of 2 CRI insurance groups are qualified to develop high quality products 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. RI.5 RI.7 Roadmap for sustained support of insurance supervisors to inclusive insurance markets & the strengthening of MEFIN has been developed with the A2ii. RESULTS LEVEL Deliverables OBJECTIVE LEVEL

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

17. Proposed next meetings dates and agenda items

18. #END#Thank You