[Event Recap] WBG-SECO Knowledge Exchange Series: Sovereign Disaster Risk Insurance - Webinar #4
On September 21, 2021, in partnership with Switzerland's State Secretariat for Economic Affairs (SECO), the World Bank Group's (WBG) Disaster Risk Financing and Insurance Program (DRFIP) hosted the 4th session of the Knowledge Exchange Series. The session focused on the role of sovereign disaster risk insurance and considerations for development and implementation of sovereign disaster risk insurance programs such as public assets insurance, agriculture insurance, and sovereign catastrophe risk pools. The series is a continuation, in virtual formats, of traditional knowledge exchange events that take place every two years to empower countries under the program through sharing their experience and knowledge in building financial resilience.
The webinar commenced with opening remarks from Cecile Thioro Niang (Practice Manager, East Asia and Pacific, Finance, Competitiveness & Innovation [FCI], World Bank Group [WBG]). Hang Thu Vu (Senior Financial Sector Specialist, FCI Global Practice, Crisis and Disaster Risk Finance [CRDF], WBG) delivered the framing presentation which discussed the importance, costs, benefits, as well as the policy governance and operational considerations of sovereign disaster risk insurance. Respective country experience and insights in the design and implementation of sovereign disaster risk insurance were shared by Encep Sudarwan (Director of State Asset, Ministry of Finance, Indonesia), Mari Ishiguro (Deputy Director of Financial System Stabilization Department, Ministry of Finance, Japan), and Shepherd Muzamba (Director, Investment Funds, Financial Sector Policy Unit, National Treasury, South Africa).
The webinar was jointly facilitated by Kaavya Krishna (Senior Financial Sector Specialist, FCI, CDRF, WBG) and Rob Antich (Senior Consultant, FCI, CDRF, WBG). It featured a live poll function to better understand and interact with the audience. Over 160 participants from client countries, international organizations, private sector companies, non-governmental organizations, and academia attended the event.
This Knowledge Exchange Series comprises 8 virtual sessions with complementary Fact Sheets and offers certificates to successful participants. Each session is promoted with a captivating teaser video and offers simultaneous interpretation services.