The Catastrophe Risk Insurance Working Group was set up in October 2007 to strengthen the coordination of the World Bank Group (WBG) units involved in catastrophe risk financing (including sovereign disaster risk financing, property catastrophe insurance, and agricultural insurance).
The working group is chaired by the Vice President of the Financial and Private Sector Development (FPD) Network and its' secretariat is performed by FPD-Global Capital Markets Development Department's Non-Bank Financial Institutions Group. The working group includes representatives of the following WBG units: FPD; Sustainable Development Network; Treasury; IFC; Operations Policy and Country Services, Legal; Concessional Finance and Global Partnerships; Poverty Reduction and Economic Management; Africa; Europe and Central Asia; East Asia and Pacific; South Asia; Latin America and Caribbean; Middle East and North Africa; and the Multilateral Investment Guarantee Agency. The mandate of the working group is to frame the ongoing discussion about how we learn from closed and ongoing projects, enhance the design of planned engagements, and develop more detailed policy guidance on the offerings the WBG should provide in the area of catastrophic insurance. | 
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