technical working group meeting: policy and regulation
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1st Climate Risk Insurance
Technical Working Group Meeting:
Policy and RegulationMay 20, 2019
Sofitel Manila
Page 21st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Agenda Item No. 1
Organizational Matters
Action Needed
Approval of List of Deliverables, Composition of
Members, Logistics Guidelines
Page 3
TWG on Policy & Regulation Tasks
May 20, 2019
1. Analysis of fiscal policies and public fund sources that can support CRI
for households and MSMEs and propose mechanism to access them
2. Criteria for selection participating/partner LGUs
3. List of participating/partner LGUs selected based on approved criteria
4. National DRI concept paper for the integration of DRI/CRI for
households and MSMEs in the LCCAPs and DRRMPs of LGUs
5. Recommendations on approaches to integrate DRI/CRI in the LCCAPs
and DRRMPs of LGUs
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 41st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
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
TWG on Policy & Regulation Work Plan May-Dec 2019
Page 5
TWG on Policy & Regulation Membership
May 20, 2019
1. DOF – Proposed Chair
2. CCC
3. DBM
4. DILG
5. DSWD
6. DTI
7. IC
8. NAPC
9. NEDA
10.OCD
11.RFPI
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 6
GIZ Guidelines on Funding and Logistics Support
May 20, 2019
1. NTF Meeting outside Metro Manila – actual travel cost of ONE person per
member organization covered by RFPI; principal and alternate members may
both join but cost for only one participant shall be covered
2. TWG Meetings outside Metro Manila - actual travel cost of ONE person per
member organization covered by RFPI; other staff may participate but cost for
only one participant shall be covered
3. Training and Conference - actual travel cost of up to TWO persons per member
organization covered by RFPI; other staff may participate but cost for only two
participants shall be covered
4. Host Organization – member organization hosting the NTF/TWG meeting or
training may send more than two staff to participate but RFPI will only cover
actual travel cost of up to TWO participants
5. Financing Agreement – RFPI may provide funding grant for work of the TWG to
be managed and accounted for by TWG Chair according to workplans and GIZ
funding guidelines
6. Consultancies – RFPI to directly procure consultants when necessary
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 7May 20, 2019
Agenda Item No. 2
DoF Presentation: Overview of Philippine Disaster and
Risk Finance and Insurance Strategy: Key Points for
CRI at Household Level and MSMEs, leading to
development of CRI Concept Paper >>
Action Needed
For discussion
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 8May 20, 2019
Agenda Item No. 3
Initial Findings: Stocktaking, Analysis and Assessment
of National Disaster Risk Finance and Insurance
Strategies and International CRI Experiences
Action Needed
For discussion to agree on key elements to be included
in a CRI concept for the Philippines
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 9May 20, 2019 1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
African Risk Capacity
Transforming disaster risk management
and financing in Africa
Enables countries to strengthen their
DRMF systems and access rapid and
predictable financing when disaster
strikes to protect the food security and
livelihoods of their vulnerable populations
Over 2,100,000 vulnerable people
assisted
ARC Replica - payouts go to World Food
Programme to distribute food aid. ARC’s
distribution network reaches the
extremely poor and poor households.
Caribbean Catastrophe Risk Insurance Facility
Sovereign risk pool, covers tropical
cyclones, linked to wind and storm surges
and earthquakes; excess rain coverage,
linked to damage from rainfall; and the
aggregate deductible coverage to protect
against basis risks to governments to
meet their immediate liquidity needs in the
aftermath of disaster.
World’s first regional fund utilizing
parametric insurance
Limits financial impact of catastrophic
hurricanes, earthquakes and excess
rainfall events to Caribbean and – since
2015 – Central American governments
Two Central American and nineteen
Caribbean governments are currently
members of the facility
Page 101st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
PrAda
Adaptation of agricultural
value chains to climate
change
Country: Madagascar
Implementing measures in
three areas: Agro-
meteorological and
agricultural extension
services; Structural
frameworks of the value
chains; Climate risk
insurance schemes
Overall term: 2017 to 2020
Rural ResilienceInitiative
Risk reduction, risk transfer,
prudent risk taking, risk
reserves
Currently active in Ethiopia,
Senegal, Malawi and Zambia
Piloted in Kenya and
Zimbabwe
US$ 6.6 million provided in
micro-insurance protection to
R4 participants in 2017
57,000 farmers (about
300,000 people) reached in
five countries as of early
2018
Page 111st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Vietnam - National Agriculture
Insurance Program
Government supported climate risk
insurance for agriculture via Public-Private
Partnership.
Insurers can provide farmers with
insurance products with a subsidy from
government
Extremely poor and poor households will
receive support of up to 90% for
agricultural insurance fees from
Government, while near poor or at-risk
households will receive support of up to
20% if they work within a cooperative
including using innovations in planting and
manufacturing towards a clean, high-tech
and eco-friendly agriculture
Crop and Livestock Disaster
Insurance in Mexico (CADENA)
Launched in 2003 under the Ministry of
Agriculture, Livestock, and Fisheries
(SAGARPA), the Mexican Government
(both Federal and State level) and has been
providing insurance protection against
catastrophic risks to its smallholder farmers
via both parametric and indemnity-based
insurance, involving public and private
insurance/reinsurance companies to
underwrite the risks
CADENA has grown to cover over 70% of
the 14 million hectares of agricultural land
cultivated annually by smallholders.
Protection in the form of a pre-agreed lump
sum per farm. CADENA also buys
catastrophe risk protection from the
international reinsurance market.
Page 121st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Macro level:
1. The National Disaster Risk Reduction and Management Plan stipulated
in Republic Act 10121, assigned the Department of Finance as lead in
enabling access of communities to applicable disaster risk financing and
insurance.
Update: National Disaster Risk Financing and Insurance Strategy
available
Status:
Fully implemented On-going development No development
Type presentation tit le here27/05/2019
Page 131st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Macro level:
2. The Department of Trade and Development MSME Development Plan
2017-2022 directs MSMEs to access credit enhancement mechanisms,
such as guarantees or insurance products to diversity MSME funding
sources.
Update: Micro Disaster Risk Insurance product being finalized with GIZ
Status:
Fully implemented On-going No development
Type presentation tit le here27/05/2019
Page 141st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Macro level:
3. The Philippine Development Plan 2017 – 2022 (PDP) on Agriculture,
Forestry and Fisheries targets to increase the number of small farmers and
fisherfolk that are provided with agricultural insurance.
Update: PCIC has provided free crop insurance to 1.7 million farmers
using Government subsidy of P3.365 billion in 2017. Expansion of enrolled
farmers through new schemes on-going.
Status:
Fully implemented On-going No development
Type presentation tit le here27/05/2019
Page 151st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Micro level:
4. RA 10174, an act establishing the People’s Survival Fund (amending
RA 9729 or the Climate Change Act of 2009), mandates the use of fund as
a guarantee for risk insurance for farmers, agricultural workers and other
stakeholders.
Update: No LGU experience on using LDRRMF for payment of
Calamity/Climate Risk Insurance premium.
Status:
Fully implemented On-going No development
Type presentation tit le here27/05/2019
Page 161st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Micro Level:
5. RA 10121 Sec. 21 stipulates payment of premium on calamity insurance
by LGUs, from the Local Disaster Risk Reduction and Management Fund
(LDRRMF), calculated as 5% of the LGU Internal Revenue Allotment.
Update: No LGU experience on using LDRRMF for payment of
Calamity/Climate Risk Insurance premium.
Status:
Fully implemented On-going No development
Type presentation tit le here27/05/2019
Page 171st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
Philippine Laws and Government Policies Relating to Climate Risk
Insurance
Micro Level:
6. RA 7160 or the Local Government Code of 1991: authorizes LGUs to
buy group insurance from the private insurance sector, for its barangay
officials.
Update: No LGU experience using IRA for payment of Calamity/Climate
Risk Insurance premium for barangay officials.
Status:
Fully implemented On-going No development
Type presentation tit le here27/05/2019
Page 181st Climate Risk Insurance National Task Force MeetingMay 20, 2019
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)
Page 19May 20, 2019
Agenda Item No. 4
Summary of issues and next steps, schedules and
agenda for the next TWG meetings
Action Needed
For approval: Schedule of next TWG meetings, agenda
and preparatory tasks
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 20May 20, 2019
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)
1st Climate Risk Insurance Technical Working Group Meeting: Policy and Regulation
Page 211st Climate Risk Insurance Technical Working Group Meeting: Policy and RegulationMay 20, 2019
#END#
Thank You
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