WTW, AXA Climate, and Guy Carpenter conducted a feasibility study for the InsuResilience Solutions Fund (ISF) to assess the setting up of disaster risk transfer solutions for climate-vulnerable cities in Viet Nam. The feasibility study was carried out from November 2021 to February 2022 through desktop research and based on the data available from an Asian Development Bank (ADB)/WTW project in Hue City and an Economics of Climate Adaptation (ECA) study by ISF in Can Tho City. The data was augmented by two ECA workshops with the Can Tho City officials, led by the Climate Change Coordination Office (CCCO) of Can Tho, including presentations by ADB, WTW, and Hue City officals at the workshop in November 2021.
The feasibility study confirmed that the key climate hazards to Viet Nam’s largest and most vulnerable cities are flood (in particular riverine floods) and typhoons due to most larger cities being located on the coastline or in low-lying deltas.
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