Financial products offered by the World Bank Treasury ranging from CAT Bonds, contingent financing to insurance packages.
The World Bank helps clients increase their financial resilience to disasters by supporting disaster risk financing programs and offering insurance solutions.
The Bank assists clients in designing, developing, and executing comprehensive disaster risk financing strategies. A risk financing strategy helps clients determine a balance between retaining the risk, for example, through a contingent financing product and transferring risk, for example, through an insurance product.
A range of financial products can be used to address the financial risks of natural disasters, and the optimum mix of approaches depends on the types of risks faced by a client and the frequency and severity of disaster events.