Regional: Establishing Sound Microinsurance Markets in Asia and the Pacific

Sovereign Project | 46202-001

Summary

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Project Name Establishing Sound Microinsurance Markets in Asia and the Pacific
Project Number 46202-001
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8528-REG: Establishing Sound Microinsurance Markets in Asia and the Pacific
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Finance sector development - Insurance and contractual savings - Money and capital markets

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact Stronger policy and regulatory environment for microinsurance
Project Outcome
Description of Outcome Preconditions are identified for the development of enabling environment for microinsurance on targeted themes
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Recommendations for policy reforms and regulatory framework on microinsurance for specific themes

Capacity of insurance supervisors and other stakeholders developed

Diagnostic tool kits for identified thematic areas on microinsurance developed

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

ADB will engage 9 person-months of individual international consulting services. The consultants will have technical knowledge of insurance market development, prudential regulation, supervision, and policy issues related to the development of the microinsurance subsector. Insurance market specialists will be required: (i) SME insurance for 3 person-months, (ii) public private partnerships for 3 person-months, and (iii) mobile technology for 3 person-months.

The TA will also require 36 person-months of individual national consultant inputs. The consultants will work with the international insurance market specialists. About six resource persons will be invited to participate in seminars and training courses as speakers, discussants, or facilitators (total of 1 person-month). ADB will recruit the consultants on an individual basis in accordance with its Guidelines on the Use of Consultants (2013, as amended from time to time). The outline terms of reference for the consultants are in Appendix 3. Disbursement under the TA will be done in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time). In the event that ADB staff act as resource persons, travel costs will be charged to the TA and their salaries and benefits will be absorbed by the internal administrative expenses budget.

Procurement ADB will be the executing agency. The Office of Regional Economic Integration will implement the TA and provide a staff team to regularly monitor and administer the individual contracts, and manage the combined outputs to achieve the TA objectives. The TA is expected to be implemented from January 2014 to December 2015. Disbursements under the TA will be in accordance with the ADB's Technical Assistance Disbursement Handbook (May 2010, as amended from time to time).
Responsible ADB Officer Arup Kumar Chatterjee
Responsible ADB Department Office of Regional Economic Integration
Responsible ADB Division OROD
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 18 Nov 2013
Fact Finding -
MRM -
Approval 05 Dec 2013
Last Review Mission -
Last PDS Update 26 Nov 2013

TA 8528-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Dec 2013 - 05 Dec 2013 31 Dec 2015 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 0.00 0.00 0.00 0.00 500,000.00 05 Dec 2013 0.00
Title Document Type Document Date
Establishing Sound Microinsurance Markets in Asia and the Pacific Technical Assistance Reports Dec 2013

Safeguard Documents

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