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About the Role

The World Bank Group is seeking an Extended Term Consultant (ETC) to provide senior-level technical advice and engagement in support of the Disaster Risk Finance Unit's work on insurance regulatory and supervisory approaches and insurance market development. This role involves contributing to work on insurance regulatory, supervisory, and market practices, developing and sharing knowledge on insurance market development, and participating in international regulatory discussions.

Responsibilities

Lead or contribute to work on insurance regulatory, supervisory, and market practices, including supporting or leading country-level engagements through relevant financing operations and advisory and knowledge activities.
Develop, curate, and share knowledge on insurance market development, including key bottlenecks, emerging global trends, the integration of insurance into climate risk management, insurance technology, relevant case studies, and financial innovations for client countries.
Prepare policy and research notes, internal guidance, policy and industry toolkits, and organize seminars and workshops.
Participate in Financial Sector Assessment Programs (FSAPs) and prepare Insurance Core Principle (ICP) reviews, technical notes, and other policy notes as needed.
Collaborate with international insurance organizations, including the International Association of Insurance Supervisors (IAIS), Sustainable Insurance Forum (SIF), European Insurance and Occupational Pensions Authority (EIOPA), Organization for Economic Co-operation and Development (OECD), Insurance Development Forum (IDF), and others.
Represent the CDRFI team in stakeholder consultations, interagency coordination forums, workshops, and donor dialogues.
Perform other duties and tasks assigned by the unit manager.

Requirements

Master’s degree in economics, finance, law or equivalent.
Minimum 12 years of insurance regulatory/supervisory and market knowledge and experience of insurance system reform, regulation/supervision framework.
Policy-level engagement with governments/industry bodies/regulators, with experience within insurance supervisory authorities.
Proven ability to manage multiple tasks effectively, set priorities independently, and deliver agreed results.
Self-starter with a high level of initiative.
Strong interpersonal skills and demonstrated ability to work in teams, lead small teams, and foster collaboration across organizational boundaries.
Commitment to the highest ethical standards.

Skills

English fluency (written and spoken)
Knowledge of climate risk and investment opportunities relating to the insurance sector (advantage)
Experience working with international organizations (such as IAIS, EIOPA, OECD, IDF) (advantage)
Knowledge and understanding of World Bank Group operational policies and procedures, portfolio management, operational project management, including risks and mitigation measures (advantage)
Spanish or French language skills (advantage)

Location

London, United Kingdom

Work Type

Local Recruitment
Frequent travel

Experience Level

Minimum 12 years

Education Level

Master’s degree

About the Company

The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty on a livable planet, increasing shared prosperity and promoting sustainable development.
The WBG Prosperity Vice Presidency is responsible for getting the right public and private sector solutions to our operational teams and to our clients, and to produce scalable impact.
The FSS Global Department is comprised of two directorates: FSS I covers financial resilience and integrity, financial inclusion, capital market development and disaster risk finance, while FSS II covers SME finance, Banking, Housing, Leasing and Insurance, as well as Sustainable Finance.
The Disaster Risk Finance (DRF) team in FSS1 helps client governments strengthen financial resilience to disaster shocks.
Through the Disaster Risk Financing and Insurance Program (DRFIP), the team delivers technical assistance, analytical work, and advisory support, drawing on the World Bank’s crisis preparedness and response toolkit and other financial instruments.

Equal Opportunity

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.