Arup Kumar Chatterjee

Principal Financial Sector Specialist, ADB Finance Sector Office, Sectors Group

Arup Chatterjee is Principal Financial Sector Specialist at the Asian Development Bank responsible for leading financial sector development initiatives and providing operational support in financial sector reform and development, regulatory and supervisory oversight architecture, insurance, pensions, financial inclusion, and Fintech. In addition, he has advised on disaster risk financing, agriculture insurance, health insurance, pensions and social security reforms, SME financing, and Takaful in Asian, African, and Latin American countries.

In his over three and half decades of work, he has traversed across insurance and reinsurance operations, financial sector policymaking, and regulations in Asia, Africa, and Latin America.

He has earlier served with the International Association of Insurance Supervisors at the Bank for International Settlements in Basel, Switzerland, Insurance Regulatory and Development Authority of India, and the Ministry of Finance, Government of India.

Connect with Arup via Twitter @chatarup

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An image of the quake devastation in Kathmandu, Nepal.

Why We Should Buy Earthquake Insurance

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?

Arup Kumar Chatterjee

A family of farmers in Lao PDR.

Why People Don’t Buy Insurance in Asia

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.

Arup Kumar Chatterjee