Tripartite Agreement for climate resilience in Viet Nam

The Tripartite Agreement, launched at the UN Secretary‑General’s Climate Action Summit in 2019, is an international public–private initiative designed to strengthen the financial resilience of climate‑vulnerable countries. It focuses on expanding access to risk‑financing solutions, improving regulatory and institutional frameworks, and building long‑term national capacity to understand, manage, and transfer climate‑related risks. Through this framework, participating organisations provide technical assistance, advanced risk modelling, and substantial risk‑bearing capacity to help countries better protect people, public assets, and livelihoods from natural hazards.

The partnership brings together UNDP, the German Federal Ministry for Economic Cooperation and Development (BMZ), and a coalition of the world’s leading insurers and reinsurers working under a shared commitment to expand climate‑risk protection at scale.

In Viet Nam, the launch, design and implementation of the Tripartite Agreement is carried out through a coordinated effort led under the Insurance Development Forum, mainly bringing together UNDP, Generali, AXA Climate, and Tokio Marine to strengthen the country’s financial resilience. This collaboration supports the government in enhancing disaster‑risk financing strategies, upgrading regulatory frameworks, and building market capacity to better protect vulnerable communities in the context of flood and typhoon events.

Generali serves as a key driver within this collaborative effort, contributing advanced risk‑modelling capabilities, global insurance / reinsurance expertise, and a sustained commitment to expanding climate‑risk protection in one of the world’s most hazard‑prone countries. Through its engagement, Generali helps develop innovative insurance solutions tailored to Viet Nam’s risk profile, supporting livelihoods, safeguarding the most critical public assets, and reinforcing long‑term national resilience. Its involvement exemplifies the proactive, solution‑oriented leadership expected from private‑sector partners within the Tripartite framework, making it a meaningful contributor to Viet Nam’s progress toward a climate‑secure future.