Video from Artemis London 2023. Keynote speech: Jorge Familiar, World Bank Treasurer

This video features a keynote speech and Q&A with Jorge Familiar, Vice President and Treasurer, of the World Bank Group from our Artemis London 2023 conference, that was held in London on September 5th 2023.

Around 240 attendees enjoyed a busy day of thoughtful catastrophe bond and insurance-linked securities (ILS) focused discussion from industry experts, as well as valuable networking opportunities.

Familiar discussed the World Bank’s role in disaster risk financing and use of insurance-linked securities (ILS) such as catastrophe bonds.

He explained that the World Bank’s clients have benefited from significant risk transfer thanks to the cat bond structure over the years, saying that interest in insurance protection and leveraging capital market investor appetite to fund that, remains strong.

Familiar also spoke about the use of ILS and cat bonds at the World Bank.

“We are focusing on increasing our financial capabilities and taking full-advantage of what we do in financial markets to further our mission,” he explained.

Adding, “This leads to insurance-linked securities (ILS).”

Familiar further said that the World Bank is aware that countries need help to build resilience on the one hand, but also to build robust safety nets with different layers of financial protection, that will allow them to deal with natural disasters with different intensities and different probabilities of occurrence.

“Hence, there is clearly a space for cat bonds here,” Jorge Familiar told the audience.

Artemis’ next conference is on February 9th 2024 in New York. Register today to attend.

Watch the full video to learn more about the return potential of investment allocations to the insurance-linked securities (ILS) market.

All of our Artemis Live video interviews have a focus on reinsurance, ILS and the efficiency of risk transfer and can be accessed directly from our Artemis Live page.

You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.

View some photos from the Artemis London 2023 conference here.

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Our Artemis London 2023 conference sponsors can be seen below, we thank them all for their valued support:

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