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Disaster Risk Management Advisory

  • The World Bank helps clients increase their financial resilience to disasters by supporting disaster risk financing programs and offering contingent financing as well as insurance solutions. Working in close partnership with other units across the World Bank, the Treasury Disaster Risk Management Advisory team provides technical assistance to countries to build capacity for insurance and catastrophe bond programs. This can include:

    • Improving general understanding of insurance-linked securities (ILS) market and instruments;
    • Explaining risk transfer options relative to limitations/preference of each country from legal, regulatory perspective;
    • Supervising catastrophe risk modeling to develop risk profiles and risk transfer structures;
    • Customizing documentation for risk transfer

    For more information visit Disaster Risk Management Products.

  • Advisory services provided by World Bank Treasury help governments build capacity for implementing disaster risk financing solutions.

    Services are often provided in collaboration with the Disaster Risk Financing and Insurance Program (Finance Competitiveness and Innovation Global Practice), Disaster Risk Management group (Social, Urban, Rural and Resilience Global Practice), and other Bank experts.

    Advisory services are provided by both in-house experts and external service providers, such as catastrophe risk modeling agencies, legal counsel and structuring agents.

    Services can be financed through trust funds, Reimbursable Advisory Service (RAS), lending operations, or the government’s own funds among other sources.

    World Bank Treasury helps clients understand different risk transfer options and engage with relevant counterparties:

    • Training on risk transfer options including traditional insurance, derivatives, and catastrophe bonds.
    • Evaluating risk transfer options relative to a client’s limitations or preference from a legal, regulatory or budget perspective.
    • Procuring catastrophe risk modeling services to develop amongst others a (i) credible and transparent view of the underlying risk, (ii) sample risk transfer structures, and (iii) evaluation of the costs of risk transfer products.
    • Procuring external service providers to support structuring of risk transfer execution.
    • Preparing and supporting clients with the key decisions regarding the legal, technical and financial requirements of a transaction.