The Climate Change Act of 2009 (Republic Act (RA) 9729, as amended by RA 10174) and the Philippine Disaster Risk Reduction and Management Act of 2010 (RA 10121) mandate the creation of an enabling environment for the development of risk transfer mechanisms (RTMs) to guarantee social protection and resiliency in the aftermath of disasters.⁴ After nearly a decade since these laws were enacted, policy developments on the creation of an enabling environment for risk transfer have remained only at the national level.⁵ While policy goals and objectives on risk transfer have been articulated in our laws and translated into national plans, policy implementation at the local level still remains a challenge.