PowerPoint Presentation...Title PowerPoint Presentation Author Claudia Ilting Keywords GIZ-Leerfolie...

1st Climate Risk Insurance

National Task Force MeetingMay 20, 2019

Sofitel Manila

Agenda and Flow of the Meeting

1st Climate Risk Insurance National Task Force MeetingMay 20, 2019

Time Topic

9:30 – 9:45 Agenda and flow of the NTF meeting

9:45 – 10:05 Opening Messages

10:05 – 10:30 GIZ Integrated Disaster Risk Management Approach,

CRI Conceptual Framework and Deliverables

10:30 – 11:00 Terms of Reference (ToR) of the NTF and TWGs

11:00 – 11:15 Health Break

11:15 – 12:00 Criteria-setting for the Selection of Project Areas

(LGUs)

12:00 – 12:15 CRI Monitoring & Evaluation (M&E) Concept

12:15 – 12:25 Next Steps and Closing message from NTF Chair

12:25 – 12:30 Group photo

12:30 – 14:00 Lunch Break

14:00 – 17:00 Parallel TWG meetings

Agenda Item No. 3

GIZ Integrated Disaster Risk Management Approach,

CRI Conceptual Framework and Deliverables(Dr. Antonis Malagardis and Dante Portula)

Action Needed

For Comment


Integrated Climate (and Disaster) Risk Management


Response

This phase comprises all

emergency measures aimed

at saving human lives in the

event of a natural disaster.

Prevention

This phase comprises

all the measures that

help prevent or

minimize possible

damage from an event.

Recovery

After the impact of a

natural hazard,

infrastructure

and other areas of society

must be rebuilt, so that

people can resume their

livelihoods as quickly as

possible.

Preparedness

Preparedness contains a complex

set of activities such as setting up

early warning systems,

developing contingency plans,

organizing various activities such

as stockpiling of equipment, and

coordination and training as

cross-cutting issues.

Retention & Transfer

Even when preventative actions

have been taken, some residual

risk remains. In the Retention &

Transfer Phase, it is important to

conduct a cost-benefit analysis to

determine if pre-disaster financing

or insurance would be

appropriate.


Applying the approach across sectors – examples

• Risk analysis

• Hazard mapping: vulnerability of

e.g. power infrastructure

• Understanding of climate

projections

• Design to withstand projected

hazards

• Ongoing maintenance

• Land use planning with

restrictions

• …

• Projects in e.g. West Balkan,

Thailand, India …

• ‘Build back better’ opportunity

• Design standards for resilient

design

• Enhance building standards/

codes

• Improved location based on risk

mapping

• …

• Projects in e.g. Nepal

• Rapid repair, access to spare

parts, expertise and capacity

through pre-established

institutions/ channels

• Access to finance immediate

after a disaster

• …

• Projects in e.g. Malawi using

existing payment mechanism

(social protection)

• Insurance for damage

to e.g. energy

infrastructure

• Insurance along the

value chain (harvest-

packaging-transport)

against floods

• …

• Projects in e.g. China,

Barbados, Ghana …

• Early warning systems

for energy suppliers

• Contingency plans

for…

• Disaster preparedness

processes are in place

(training)

• …

• Projects in e.g. West

Balkan, Philippines …

GIZ RFPI III – Overview of Conceptual Framework


Program Goal: The strategic and technical prerequisites for high-quality

climate risk insurance for the poor, the extremely poor, and most at-risk

people have been created.

Partner countries: Indonesia, Philippines, Vietnam

Project duration: Jan 2019 – Dec 2021

Components:

1: Policy and Regulation

2: Product Development

3: Use of digital technologies

4: Climate Risk Insurance Hub (through Mutual Exchange Forum on

Inclusive Insurance)

Main Target: 4 million beneficiaries are covered by new CRI products


I. POLICY AND REGULATION II. BUSINESS MODEL III. USE OF

TECHNOLOGY

Integrate DRI/CRI for HHs and

MSEs in the plans at LGU level

Access to Data: Climate

risk assessment

(hazards, exposure,

vulnerability)

Development of

Technology platform to

support

LCCAP (Local Climate Change

Action Plan)

CRI Product

development & delivery

for two market

segments:

1) Climate risk

assessment and

modellingDRRMP (Disaster Risk

Reduction & Management Plan)

Find resources for insurance

in the fiscal policies

1) For Social Protection

programs at the LGUs

2) CRI awareness

raising and

Advocacy

Integration of CRI in the Social

Protection Programs

2) For Microinsurance

sector

3) Learning

management

IV. CRI HUB (through the MEFIN Network)

• Capacity Development (CD) of public and private stakeholders

• Knowledge Management (KM)

• Public Private Dialogue (PPD)

GIZ RFPI III – Overview of Conceptual Framework (Philippines)


Milestone Key Activity May Jun Jul Aug Sep Oct Nov Dec Responsible

1. Access to public fund sources for CRI is clarified

Confirmation of existing fiscal policies and public fund sources that can support CRI for households and MSMEs and clarifying access to them for such purpose

TPR, NTF

2. Access to government data is provided to legitimate users

Provision of access to data needed for CRI product development as identified by the insurance industry

TBM, TUT

3. Partner-LGUs are selected Selection of partner-Local Government Units based on approved criteria for the development and implementation of CRI solutions

TPR, NTF

4. Appropriate CRI products and their marketing/distribution systems are available and endorsed

Development and endorsement of appropriate CRI products and their marketing/distribution systems based on international Key Performance Indicators

TBM, TUT, NTF

5. Technology platform for CRI solutions and advocacy is developed

Development of technology platform for CRI solutions and advocacy

TBM, TUT, NTF

7. National DRI concept paper is developed

Development of concept paper for the integration of DRI/CRI into the LCCAPs and DRRMPs of LGUs

TPR, NTF

6. DRI/CRI for households and MSMEs are integrated in the LCCAPs and DRRMPs

Integration of DRI/CRI for households and MSMEs in the LCCAPs and DRRMPs of LGUs

TPT, NTF

8. Capacities of public and private stakeholders are developed

Capacity development of public and private stakeholders through webinars and Public-Private Dialogues

GIZ-RFPI Asia III

9. CRI Program is monitored jointly by GIZ and LGUs

Joint monitoring of CRI Program implementation GIZ-RFPI Asia III, LGUs

OBJECTIVE: Demonstrate that innovative arrangements for Climate Risk Insurance against flood and typhoon are endorsed by government and

private sectors and introduced to selected Local Government Units

CRI Program PH Work Plan, May – Dec 2019


Agenda Item No. 4

Terms of Reference (ToR) of the NTF and the TWGs(Alex Tabbada)

Action Needed

For Approval: ToRs and Chairs and Membership of

TWGs


The National Task Force (NTF)

MAJOR TASKS IN 2019

1. Review, approve and formalize mechanism of accessing data and public funds

for CRI solutions;

2. Review and approve criteria in selecting participating/partner LGUs;

3. Review and approve national DRI concept paper for the integration of DRI/CRI

for households and MSMEs in the LCCAPs and DRRMPs of LGUs;

4. Formalize agreements with selected LGUs;

5. Endorse to LGUs CRI product approved by the Insurance Commission;

6. Review and approve digital application developed for CRI solutions and

advocacy; and

7. Review, approve and monitor implementation of TWG work plans


Technical Working Groups (TWGs)

MAJOR TASKS IN 2019

TWG Policy and Regulation (TPR)

1. Analyze fiscal policies and public fund sources that can support CRI for

households and MSMEs and propose mechanism to access them;

2. Develop criteria in selecting participating/partner LGUs;

3. Select participating/partner LGUs based on approved criteria;

4. Prepare national DRI concept paper for the integration of DRI/CRI for

households and MSMEs in the LCCAPs and DRRMPs of LGUs;

5. Facilitate integration of DRI/CRI in the LCCAPs and DRRMPs of LGUs; and

6. Coordinate closely with TBM and TUT for work synergy

TECHNICAL WORKING GROUPS MAJOR TASKS IN 2019

TWG Business Model (TBM)

1. Develop and propose mechanism to access data needed in climate risk

assessment and CRI product development as identified by the insurance

industry

2. Provide direction for CRI product development for social protection programs of

LGUs and for the Microinsurance sector

3. Coordinate closely with TPR and TUT for work synergy

TWG Use of Technology (TUT)

1. Develop a digital application for CRI solutions, advocacy and learning

management

2. Coordinate closely with TPR and TBM for work synergy


Management Structure of CRI Program

Secretariat

(RFPI Team)

TWG Policy

and Regulation

(TPR)

Proposed

Lead: DOF

TWG Business

Model

(TBM)

Proposed

Lead: IC

TWG Use of

Technology

(TUT)

Proposed

Lead: DOST

National

Task Force

(NTF)Chair: DOF

Co-chair: RFPI



Agenda Item No. 5

Criteria-setting for the Selection of Project Areas (LGUs)

Action Needed

For Approval: Selection criteria, number of LGUs to be

supported by RFPI

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

Criteria-setting for the Selection of CRI Project Areas


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

World Bank

Parametric

Insurance Pilot

• PHP1 billion cover

against typhoons and

earthquakes for NGAs

and 25 highly

vulnerable provinces

provided through GSIS


Proposed criteria to use in selecting priority areas

• Coverage by WB or ADB project (25 provinces and 10 cities)

• Inclusion in priority areas of NAPC and Climate Change Commission

• 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. 6

CRI Monitoring & Evaluation (M&E) Concept

Action Needed

For Approval

CRI Monitoring & Evaluation Concept

Joint Monitoring & Evaluation Components

1. Sustainable Development Goals (SDGs) Monitoring

2. Integration with the Community-Based Monitoring System

3. RFPI III Internal M&E


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


Integration with the Community-Based Monitoring

System

Social protection: CRI

CBMS Key Indicators

Ex. # of households with

CRI coverage



3 partner governments have included CRI

explicitly targeting the poor, the extremely

poor, and most at-risk in their national

resilience strategies.

OI.1Objective

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

3 CRI concept papers developed by the national CRI task

forces

RI.1Results

Indicator

(RI)

Co

mp

on

en

t 1

Na

tio

na

l C

RI

co

ncep

t

Cross-border criteria for high-quality CRI products are

coordinated by relevant actorsRI.2

In 2 countries, members of 2 CRI insurance groups are

qualified to develop high quality productsRI.3

Co

mp

on

en

t 2

Pro

du

ct

De

velo

pm

en

t

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.

Co

mp

on

en

t 3

Use

of

dig

ital

tech

no

logi

es

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.

Co

mp

on

en

t 4

MEF

INn

etw

ork

, a

C

RI

Hu

b

RI.7

OBJECTIVE LEVEL

RESULTS LEVELDeliverables

Agenda Item No. 7

Next Steps

Action Needed

For Approval: Date of next NTF meeting


Proposed next meetings dates and agenda items


Schedules Agenda

2nd TWG Policy &

Regulation

15 August

9:00 – 12:00

Please refer to reference

material

2nd TWG Business Model &

Use of Technology

(combined)

15 August

14:00 – 17:00

3rd TWG Policy &

Regulation

20 November

9:00 – 12:00

(parallel meetings)

3rd TWG Business Model

& Use of Technology

(combined)

20 November

9:00 – 12:00

(parallel meetings)

2nd NTF Meeting 20 November

9:00 – 12:00

#END#

Thank You


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