What is the impact of climate change on insurers
The climate crisis will have dramatic impacts on economies and business communities, but the insurance industry could change the narrative through an innovative attitude to coverage. By Arup Chatterjee Principal Financial Sector Specialist, Sustainable Development and Climate Change Department at Asian Development Bank As time wears on, it’s becoming clear that failure to address the […]
Only scratching surface with respect to cat bonds: World Bank Treasurer
When it comes to the use of catastrophe bonds in disaster risk financing, so far we’re only “scratching the surface”, in terms of what can be done using the cat bond structure, according to Jorge Familiar, Vice President and Treasurer of the World Bank. Jorge Familiar has worked at the World Bank for over 16 […]
Parametric insurance gains momentum in Africa, but more to do: ARC’s Ndlovu
Parametric insurance products are slowly gaining momentum in Africa, but according to Lesley Ndlovu, CEO of the African Risk Capacity (ARC) Group’s insurer, Arc Ltd., more countries need to embrace parametric risk transfer, especially as Africa tries to fight the effects of climate change. ARC Ltd. now provides parametric insurance to 35 sovereign member states […]
Only scratching surface with respect to cat bonds: World Bank Treasurer
When it comes to the use of catastrophe bonds in disaster risk financing, so far we’re only “scratching the surface”, in terms of what can be done using the cat bond structure, according to Jorge Familiar, Vice President and Treasurer of the World Bank. Jorge Familiar has worked at the World Bank for over 16 […]
