Shaping Asia’s Fintech Future
For Asia to assume global leadership in fintech, collaboration between governments and industry players is vital.
Arup Kumar Chatterjee
Principal Financial Sector Specialist, ADB Finance Sector Office, Sectors Department
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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Why the Sandbox Approach Works for Fintech Development
Enabling new digital financial services models requires an open-minded approach to innovation, with sufficient certainty over the legal framework.
Asia in Search of the Second Demographic Dividend
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.
Extending the Reach of Flood Insurance
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.
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.
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?
To Transfer Disaster Risk, Let’s Partner with the Insurance Sector
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.
Universal Health Coverage: Too Important for Asia to Postpone
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.