"The Asian Development Bank (ADB) strengthens the insurance sector in Asia and the Pacific by partnering with finance ministries, regulators, and stakeholders."

Arup Chatterjee, Unit Head of the Capital Markets and Insurance Practice Team at the Asian Development Bank (ADB), has over 35 years of experience shaping global policies and driving reforms in insurance, pensions, and capital markets.

- Arup Kumar Chatterjee

At ADB, he advises governments on innovative financing solutions involving public, private, and not-for-profit sectors to address sustainable development priorities. This includes strengthening policy frameworks, mobilizing domestic savings, enhancing investor confidence, enabling access to finance for green transition, and improving protection against climate shocks using risk-financing solutions.

Arup's previous roles include stints with the International Association of Insurance Supervisors in Switzerland, the Insurance Regulatory and Development Authority of India, and the Ministry of Finance in India.

An alumnus of the Indian Institute of Foreign Trade, Jawaharlal Nehru University, and Delhi University, Arup has furthered his expertise through specialized courses at NYU Stern and the University of Cambridge.

As a thought leader, he frequently shares insights into contemporary issues through speaking engagements, published articles, and broadcast media.

Q: The Asian Development Bank (ADB) has been instrumental in fostering financial sector development in its member countries. Could you elaborate on ADB's initiatives to strengthen the insurance sector in developing economies, particularly in Asia?

A: The Asian Development Bank (ADB) strengthens the insurance sector in Asia and the Pacific by partnering with finance ministries, regulators, and stakeholders. Their initiatives enhance policy and regulatory frameworks, create affordable insurance products to fill protection gaps, and build institutional capacity.

As the region's "climate bank," ADB focuses on climate risk management, providing financial protection against disasters and helping communities recover and adapt.