Philippines: Capacity Building for Microinsurance

Sovereign Project | 45423-001 Status: Approved

Summary

Latest Project Documents

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Capacity Building for Microinsurance
Project Number 45423-001
Country Philippines
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8258-PHI: Capacity Building for Microinsurance
Japan Fund for Poverty Reduction US$ 1.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Sector / Subsector

Finance - Insurance and contractual savings

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact Increased coverage of low-income households to contingent risks

Project Outcome

Description of Outcome Expanded microinsurance market
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Improved level playing field for microinsurance providers

Improved capacity to develop new microinsurance products

More efficient distribution network

Established consumer protection scheme for microinsurance business

Enhanced financial literacy campaign formulated at LGU level and production of knowledge product

Maintained capacity of coordinated efforts among stakeholders

Status of Implementation Progress (Outputs, Activities, and Issues)

The Philippine microinsurance development has keeping a momentum since the inception of the TA. ADB will manage the TA implementation to fully achieve its goals, and monitor the sector development pursued by the national microinsurance initiative to accumulate knowledge on the sector.

EA is supposed to submit the draft request for the TA extension before or after the SC meeting scheduled on December 2015. Next review mission will be conducted in the latter part of 2015.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services International consultants shall be engaged for 23 pm namely, Microinsurance Business Devt Specialist, Insurance Supervision Specialist, Consumer Protection Specialist, Information, Education and Communication Specialist and National Consultants (60 person months); microinsurance development specialist, regulation specialist, microinsurance business specialist, financial literacry specialist and national project assistant.
Procurement International consultants shall be engaged for 23 pm namely, Microinsurance Business Devt Specialist, Insurance Supervision Specialist, Consumer Protection Specialist, Information, Education and Communication Specialist and National Consultants (60 person months); microinsurance development specialist, regulation specialist, microinsurance business specialist, financial literacry specialist and national project assistant.

Responsible Staff

Responsible ADB Officer Hiroyuki Aoki
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
National Credit Council
4th Floor, DOF Building
BSP Complex, Roxas Blvd.
Malate, Manila
Department of Finance
DOF Building
Bangko Sentral ng Pilipinas Complex
Roxas Blvd., Manila, Philippines

Timetable

Concept Clearance 27 Sep 2012
Fact Finding 18 Jul 2012 to 20 Jul 2012
MRM -
Approval 11 Dec 2012
Last Review Mission -
Last PDS Update 10 Sep 2015

TA 8258-PHI

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
11 Dec 2012 13 Aug 2013 13 Aug 2013 01 Mar 2016 01 Mar 2017 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 1,000,000.00 200,000.00 0.00 0.00 0.00 1,200,000.00 11 Dec 2012 421,485.38
Title Document Type Document Date
Capacity Building for Microinsurance Technical Assistance Reports Dec 2012

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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