Arup Kumar Chatterjee

Principal Financial Sector Specialist, Sustainable Development and Climate Change Department

With over two decades of experience in this area, Arup is responsible in his current role for leading financial sector development initiatives in the areas of insurance, private pensions and contractual savings, and financial inclusion. Previously, he worked at the Bank for International Settlements in Basel, Switzerland, and the Insurance Regulatory and Development Authority in his native India.

Blogs by this Author

  • Fintech-led growth requires universities producing highly skilled graduates.

    Preparing the foundations for fintech to blossom

    Published on Friday, 10 November 2017

    Fintech can unleash a new era of innovation, competition, and job-creating productivity. But it will take more than buzzwords to generate meaningful growth. 

  • Today, digital financial services are as necessary as roads and bridges.

    Shaping Asia’s fintech future

    Published on Tuesday, 07 November 2017

    For Asia to assume global leadership in fintech, collaboration between governments and industry players is vital.

  • ATMs in Hoinara, Solomon Islands.

    Why the sandbox approach works for fintech development

    Published on Tuesday, 24 May 2016

    Enabling new digital financial services models requires an open-minded approach to innovation, with sufficient certainty over the legal framework.

  • An elderly woman in the Philippines.

    Asia in search of the second demographic dividend

    Published on Wednesday, 16 December 2015

    The sheer speed and scale of Asia’s demographic transition will deprive the region of one of the main drivers of its past economic success.

  • Rice fields submerged by floods in Pakistan.

    Extending the reach of flood insurance

    Published on Thursday, 27 August 2015

    Disaster preparedness should include extending the reach of insurance to cover flooding to help individuals, businesses and governments to get back on their feet more quickly after a disaster strikes.

  • A family of farmers in Lao PDR.

    Why people don’t buy insurance in Asia

    Published on Wednesday, 08 July 2015

    Insurance is often viewed as a product of the sophisticated, capitalistic system of the West, and those who are outside this cultural group are less likely to value insurance protection. Asians, who rely on informal insurance such as a family network, are thus typically less focused on buying insurance.

  • An image of the quake devastation in Kathmandu, Nepal.

    Why we should buy earthquake insurance

    Published on Tuesday, 19 May 2015

    After the recent catastrophe in Nepal, it’s time for homeowners in Asia and the Pacific to decide whether or not to purchase earthquake insurance. On one hand it could happen tomorrow, on the other it may not happen for another 80 years – so is it a gamble we are willing to take?

  • Aceh, Indonesia, 10 years after the Itsunami.

    To transfer disaster risk, let’s partner with the insurance sector

    Published on Thursday, 26 March 2015

    The new Sendai framework for disaster risk reduction supports risk transfer and insurance to reduce the financial impact of disasters on governments and societies, especially in vulnerable developing countries.

  • Women receive counseling at a rural clinic in Rajasthan, India.

    Universal health coverage: Too important for Asia to postpone

    Published on Wednesday, 18 March 2015

    Universal health coverage not only protects the majority of the population from experiencing catastrophic financial loss as a result of high out-of-pocket costs, but also promotes better quality of services and greater health equity.