GIZ Signs MoU with the Philippine Insurance Industry
- Jadeson Ortega
- Jun 5
- 2 min read
The Memorandum of Understanding (MoU) was signed at the Philippine Insurance Summit 2025 on 20 May in Makati City. The other parties to the MoU are the Department of Economy, Planning, and Development Regional Office VIII (DEPDev VIII), the Philippine Insurers and Reinsurers Association (PIRA), and the Philippine Institute for Asia and the Pacific (IIAP). DEPDev VIII serves as the lead implementing partner of the GIZ project “Strengthening Disaster Resilience and Risk Mitigation through Ecosystem-based Planning and Adaptation” (E4DR), which is funded by the BMUV–International Climate Initiative (IKI). The MoU aims to raise awareness among insurance companies about ecosystem-based adaptation (EbA) insurance.
GIZ hosted a panel session on “Protecting Marine Ecosystems and Coastal Communities through Climate Risk Finance and Insurance.” Immanuel Gebhardt, Regional Director of GIZ Philippines and the Pacific Islands, said in his keynote message: “The work of GIZ in the Philippines emphasizes adaptation to the impacts of climate change—harnessing ecosystem services and conserving biodiversity. We support the conservation and protection of ecosystems as a strategy to reduce the vulnerability of communities to climate change and natural catastrophes,” Mr. Gebhardt added.
Nicole Kranz, Climate Action Cluster Coordinator of GIZ Philippines, moderated the session featuring four speakers: Andrea Teran, Principal Advisor of the E4DR project; Gene Ruey Pepino, Coastal and Marine Ecosystem Management Program Extension Officer of DENR Northern Samar; Lorenzo Chan, Chairperson of the Global Microinsurance Network and President of Pioneer Life; and Anastasia Thomaides, Advisor to the Secretariat of the Global Shield against Climate Risk.
The summit was attended by around 400 participants from financial service providers, innovators, regulators, public agencies, support organizations, and international development agencies. The event was jointly organized by IIAP and PIRA, with GIZ as the principal supporter.
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