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Craig Thorburn

Lead Insurance Specialist
World Bank Group

Craig Thorburn is a Lead Insurance Specialist at the World Bank. Since 2002, when he joined, he has provided technical assistance, published research, and managed projects that enhance insurance market development, regulation and supervisory capacity. Craig leads the World Bank representation on a number of International Association of Insurance Supervisors (IAIS) committees including those directed at standard setting, establishing Insurance Core Principles, supporting implementation initiatives, and conducting peer assessments and reviews. He is a past chair of the subcommittee on Solvency. Craig has conducted insurance assessments in many countries as part of the World Bank IMF Financial Sector Assessment Program (FSAP) including coverage of many Latin American and Caribbean countries. As an actuary and a supervisor, Craig has had an ongoing interest in solvency regulation and supervision in the insurance sector and has been engaged in many countries with differing levels of sophistication and complexity, supporting reform of the insurance sector capital requirements, assessments of development and competition settings, and moves toward a more risk sensitive regime appropriate to their conditions. Prior to joining the Bank, he was Government Actuary in Australia and Chief of Life Insurance Supervision from 1996 to 2002. Prior to joining the public sector, Craig held a number of positions in the private sector with a bancassurance group including strategic development, marketing, administration, actuarial, and distribution management roles. He qualified as an actuary in 1987 and is a member of both Australian and North American Actuarial Associations.

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