Workshop on Building Catastrophe Risk Protection Markets for Low-Income Households in India 2 to 3 June 2016 The purpose of the workshop is to bring key market participants together to debate and discuss the development of robust and deep catastrophe risk protection markets in India. Participants discussed the need for catastrophe risk protection in India, dispeled any misconceptions involved with the required data, discussed the product development challenges, and deliberated the ways in which these challenges can be overcome to create catastrophe risk mitigation products for the Indian market. Program and Learning Materials 02 June 2016 03 June 2016 Session / Activity Title Speaker(s) Opening Session What is the need for catastrophe risk protection financing in India and how can the stakeholders enable the market? Christine Engstrom Opening Session How do the current insurance products address the customer's requirements post a natural disaster? What is the gap for catastrophe risk protection and how can the insurance industry play a role to bridge the gap? P.J. Joseph Group Discussion and Presentations The relevance of catastrophe risk within the spectrum of risks in the economic capital framework of originators Bama Balakrishnan Group Discussion and Presentations What is the impact of natural disasters on originators and their customer households? How do an originator and a household react to natural disasters? What is the impact on customer livelihoods? Udaya Kumar Panel Discussion 1 What are the different types of catastrophe risk protection products that exist globally and in India? What data, risk models and loss curves are available for India? How can these be improved? Pushpendra Johri, Murthy Bachu, Alex Chen, Ulrich Heiss, Vineet Kumar, Arup Chatterjee (moderator) Panel Discussion 2 What are the different types of catastrophe risk protection products that exist globally and in India? What data, risk models and loss curves are available for India? How can these be improved? Brahmanand Hegde, Udaya Kumar, Vaibhav Anand, Easwar Narayanan, K. Venkatesh, Ulrich Hess, and Sucharita Mukherjee (moderator) Session / Activity Title Speaker(s) Group Discussion and Presentations Catastrophe risk protection finance: A Case Study of Bangladesh Mayumi Ozaki Closing Remarks What have we learnt from the workshop and what are the next steps? Sucharita Mukherjee, Arup Chatterjee Highlights of the Event ADB and IFMR Workshop: Discussion Highlights This article summarizes the discussions during the different workshop sessions on catastrophe risk protection markets in India. Vipul Sekhsaria, Nikhil John Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Arup Chatterjee ADB Organizer/s Finance Sector Office Read Also http://www.ifmr.co.in/blog/2016/06/21/building-natural-catastrophe-protection-for-low-income-households-notes-from-the-joint-workshop-hosted-by-asian-development-bank-and-ifmr-holdings/ Partner Organization/s IFMR Holdings Topics Disaster Risk Management Finance Climate Change