Promoting Climate Risk Insurance for the Micro, Small and Medium enterprise (MSME) Sectors of Indonesia, Philippines and Viet Nam

Project Overview

In the context of phase three of the project “Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia III),” we supported the GIZ Philippines office in exploring insurance potentials for micro, small and medium enterprises in Viet Nam, Indonesia and the Philippines. Our work built on research and in-country workshops with the aim of providing a preliminary assessment of insurance options for key commodities in the three project countries. In line with strategic country priorities, we identified three key commodities for Indonesia and Viet Nam and two key sectors in the Philippines, which are exposed to key climate risks and may stand to benefit from insurance. Furthermore, analysis and advice pertaining to existing framework conditions, climate risk insurance solutions in the MSME sector and potential options to address and overcome existing barriers, were provided.