The Asian Development Bank also explained how its first catastrophe bonds have a clear mandate to deliver any payouts to provide social protection for specific groups
ADB aims to expand catastrophe bond usage across Asia
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ADB aims to expand catastrophe bond usage across Asian regions: Kessler
 The Asian Development Bank (ADB) is actively promoting catastrophe bonds for sovereign disaster risk financing across the region, but Thomas Kessler noted last week that this will require cooperation across governments, research and modelling institutions, insurers and the ILS investor base.
Kessler also explained that the first ADB issued cat bonds were structured to have defined payout procedures, that aim to direct funds to vulnerable people and also provide investors with traceable impact reporting. The parametric triggers themselves are designed to reflect affected populations, to ensure delivery of payout liquidity to support the recovery of those in the impacted regions who need it most.
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