Roundtable on Building Climate Resilience and Risk Transfer Mechanisms in Asia

AMRO and ADBI are working to support policymakers across the region in strengthening economic resilience and understanding emerging risks, including those resulting from climate change. As part of this effort, AMRO and ADBI jointly organized the Roundtable on Building Climate Resilience and Risk Transfer Mechanisms in Asia. The roundtable brought together policymakers from ASEAN Member States and India to explore effective approaches to managing climate-related physical risks, including frameworks for risk reduction and risk transfer.

 

 

Program

Time
Program

Day 1: Risk Assessment: Applying Insurance Methodologies to the Banking Sector

 

8:30AM – 9:00 AM

Registration

9:00 AM – 9:20 AM

Welcome Remarks

Byungsik Jung, Deputy Dean, ADBI
Joong Beom Shin, Deputy Director, AMRO

 

9:20 AM – 10:20 AM

Session 1: Adaptation and Resilience: Concepts, physical risk assessment, data tracking, and taxonomies

Moderator: Xianguo (Jerry) Huang, Senior Economist, Macro Financial Research Group, AMRO
Presenter: Sayuri Shirai, ADBI Fellow
Discussant: Ronald Young, Head of Sustainable Banking Development, Banking Policy Department, Hong Kong Monetary Authority

Q&A

10:20 AM – 10:35 AM

Coffee Break

10:35 AM – 11:35 AM

Session 2: Navigating Climate Risks: An Insurance Perspective

Moderator: Joy Blessilda Sinay, Capacity Building Specialist, ADBI
Presenter: Yisi Kang, Deputy Director, Monetary Authority of Singapore

Q&A

11:35 AM – 12:35 PM

Session 3: Applying Insurance Sector Approaches to Banking Sector: Overview of how banks can adopt risk assessment methodologies from the insurance industry

Moderator: Joy Blessilda Sinay, Capacity Building Specialist, ADBI
Presenter: Manoj Pandey, Asia-Pacific Coordinator, V20 Sustainable Insurance Facility, United Nations Environment Programme

Q&A

12:35PM – 1:30PM

Lunch

1:30PM – 2:30PM

Session 4: SEADRIF’s Role in Disaster Risk Financing: Initiatives and lessons for regional risk pooling and financing, and challenges

Moderator: Aziz Durrani, Team Lead, Technical Assistance, AMRO
Presenter: Benedikt Signer, Executive Director, SEADRIF
Discussant: Dr. Ambiyah Abdullah, Senior Researcher, ASEAN Centre for Energy

Q&A

2:30PM – 3:30PM

Session 5 Group A: Sharing of Country Experiences

Moderator: Yuventus Effendi, Economist, Climate Research Group, AMRO

Q&A

3:30PM – 3:45PM

Coffee Break

3:45PM – 4:45PM

Session 6: Panel Discussion: Scaling Up Climate Risk Transfer in Asia: Opportunities and Challenges

Moderator: Byungsik Jung, Deputy Dean, ADBI

Panelists:

  • Sayuri Shirai, ADBI (from Session 1)
  • Manoj Pandey, UNEP FI (from Session 3)
  • Benedikt Signer, SEADRIF (from Session 4)

 

Q&A

Day 2: Risk Transfer Mechanisms and Instruments to Finance Resilience

8:45AM – 9:00AM

Registration

9:00AM – 10:00AM

Session 5 Group B: Sharing of Country Experiences 

Moderator: Laura Fermo, Senior Economist, Technical Assistance Team, AMRO

10:00AM – 11:00AM

Session 7: Disaster Risk Insurance Products and CAT Bonds: Innovative risk transfer instruments for disaster resilience

Moderator: Aziz Durrani, Team Lead, Technical Assistance, AMRO

Presenter: Arup Chatterjee, Unit Head, Capital Markets and Insurance Practice Team, Finance Sector Group, Asian Development Bank

Discussant: Matteo Marinelli, Asia Pacific Lead for Sustainable Finance, World Wide Fund for Nature (WWF)

Q&A

11:00AM – 11:15AM

Coffee Break

11:15AM – 12:15PM

Session 8: Developing National Adaptation Plans (NAPs): Key steps for coordination and integration with national development strategies

Moderator: Aziz Durrani, Team Lead, Technical Assistance, AMRO
Presenter: Min Hung Cheng, Chief Executive Officer, Global Asia Insurance Partnership
Discussant: Yuventus Effendi, Economist, Climate Research Group, AMRO

Q&A

12:15PM – 12:35PM

Takeaways and Ideas for Way Forward

Moderator: Joy Blessilda Sinay, Capacity Building Specialist, ADBI

12:35PM – 12:45PM

Closing Remarks

Byungsik Jung, Deputy Dean, ADBI
Aziz Durrani, Team Lead, Technical Assistance, AMRO

Speakers

Byungsik Jung

Deputy Dean, ADBI

Joong Beom Shin

Deputy Director, AMRO

Xianguo (Jerry) Huang

Senior Economist, AMRO

Sayuri Shirai

Fellow, ADBI

Ronald Young

Head of Sustainable Banking Development, Banking Policy Department; Hong Kong Monetary Authority

Joy Blessilda Sinay

Capacity Building Specialist, ADBI

Yisi Kang

Deputy Director, Monetary Authority of Singapore

Manoj Pandey

Asia-Pacific Coordinator, V20 Sustainable Insurance Facility; United Nations Environment Programme

Aziz Durrani

Team Lead, Technical Assistance; AMRO

Benedikt Signer

Executive Director, SEADRIF

Ambiyah Abdullah

Senior Researcher, ASEAN Centre for Energy

Yuventus Effendi

Economist, AMRO

Laura Fermo

Senior Economist, AMRO

Arup Chatterjee

Unit Head, Capital Markets and Insurance Practice Team, Finance Sector Group; Asian Development Bank

Matteo Marinelli

Asia Pacific Lead for Sustainable Finance, World Wide Fund for Nature

Min Hung Cheng

Chief Executive Officer, Global Asia Insurance Partnership