Seadrif Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/seadrif-insurance/ Tue, 11 Nov 2025 06:32:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Seadrif, Philippines join hands to explore disaster insurance facility for public assets https://insuranceasianews.com/seadrif-philippines-join-hands-to-explore-disaster-insurance-facility-for-public-assets/ Tue, 11 Nov 2025 06:32:54 +0000 https://insuranceasianews.com/?p=204330 Seadrif Sovereign Asset and Fiscal Empowerment facility is intended to ensure uninterrupted delivery of essential services to citizens in the aftermath of natural disasters.

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The Southeast Asia Disaster Risk Insurance Facility (Seadrif) and the Department of Finance in the Philippines have agreed to explore the creation of a facility to embed disaster insurance directly in...

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]]> Typhoon Wipha, flooding unlocks US$2m Seadrif parametric payout in Laos https://insuranceasianews.com/typhoon-wipha-flooding-unlocks-us2m-seadrif-parametric-payout-in-laos/ Thu, 04 Sep 2025 02:43:19 +0000 https://insuranceasianews.com/?p=199158 Payout was made under the new sovereign parametric insurance policy issued by the Asian risk pool in May, which features an annual aggregate trigger.

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Seadrif Insurance made a US$2 million payout to Laos' Ministry of Finance on Monday following reports that over 300,000 people were affected by multiple disaster events between May 2 and August 4.
Thi...

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]]> Parametric insurance must simplify to boost public sector adoption: Seadrif’s Benedikt Signer https://insuranceasianews.com/parametric-insurance-must-simplify-to-boost-public-sector-adoption-seadrifs-benedikt-signer/ Thu, 28 Aug 2025 23:30:40 +0000 https://insuranceasianews.com/?p=198521 Executive director of the Southeast Asia Disaster Risk Insurance Facility outlines its mission to enhance insurance adoption in public sectors by simplifying product design and addressing market gaps.

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To enhance insurance adoption in the public sector, the industry must significantly improve the design, explanation, and distribution of parametric products, according to Benedikt Signer, executive di...

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]]> Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos https://insuranceasianews.com/gallagher-re-structures-places-multi-peril-pioneering-parametric-policy-for-seadrif-laos/ Fri, 18 Jul 2025 00:00:39 +0000 https://insuranceasianews.com/?p=195405 The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.

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The Government of Lao PDR has signed a new two-year, multi-peril parametric sovereign disaster risk insurance policy with Seadrif Insurance, structured and placed by Gallagher Re.
The policy, which ex...

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]]> Seadrif, PCIRC among risk pools to receive US$5.3m joint grant for climate and disaster risk financing and insurance https://insuranceasianews.com/seadrif-pcirc-among-risk-pools-to-receive-us5-3m-joint-grant-for-climate-and-disaster-risk-financing-and-insurance/ Thu, 17 Apr 2025 08:44:48 +0000 https://insuranceasianews.com/?p=181427 Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.

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Four catastrophe risk pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for a EUR4.7 million (US$5.3 million) grant to fund shared initiatives, according to a ...

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]]> Seadrif to establish Southeast Asia agricultural risk finance facility through Asean partnerships https://insuranceasianews.com/seadrif-to-establish-southeast-asia-agricultural-risk-finance-facility-through-asean-partnerships/ Wed, 26 Feb 2025 09:57:28 +0000 https://insuranceasianews.com/?p=177281 Southeast Asia Disaster Risk Insurance Facility and Food and Agriculture Organization of the United Nations will conduct a pre-feasibility assessment and work with six countries to assess gaps and implement arrangements for climate investments.

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The Southeast Asia Disaster Risk Insurance Facility (Seadrif) and the Food and Agriculture Organization of the United Nations (FAO) have partnered with six Asean countries to explore setting u...

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]]> Seadrif’s Typhoon Yagi pay out in Laos tops US$3m https://insuranceasianews.com/seadrifs-typhoon-yagi-pay-out-in-laos-tops-us3-5m/ Tue, 01 Oct 2024 15:28:09 +0000 https://insuranceasianews.com/?p=163927 The extended flood impact triggered a second parametric payout of US$2.25 million on September 30, just a week after the initial pay out of US$750,000 was made to the ministry of finance.

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Seadrif Insurance made a record total payout of US$3 million following the Typhoon Yagi, which caused severe flooding in Lao PDR, a company statement said.
The extended flood impact triggered a second...

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]]> Seadrif targets Asean expansion as it ramps up advocacy to tackle bottlenecks https://insuranceasianews.com/seadrif-plots-south-east-asia-expansion-as-it-ramps-up-advocacy-to-tackle-data-and-awareness-bottleneck/ Sun, 29 Sep 2024 23:30:15 +0000 https://insuranceasianews.com/?p=163736 While it has achieved success in Laos, a significant protection gap persists in the region, highlighting the need for improved data management and government support for effective disaster risk solutions, chairman Yoshihiro Kawai tells IAN.  

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The Southeast Asia Disaster Risk Insurance Facility (Seadrif) has big plans for the region as it looks to expand its coverage other markets such as the Philippines and Vietnam. But limitations of data...

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]]> Typhoon Yagi triggers Seadrif parametric pay out in Laos https://insuranceasianews.com/seadrif-pays-out-us750000-from-typhoon-yagi-destruction-in-laos/ Tue, 24 Sep 2024 22:00:00 +0000 https://insuranceasianews.com/?p=163379 The Asean risk pool initiatied the US$750,000 payout on September 20, which was five days after the peak of the flooding in the country's capital Vientiane.

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Seadrif Insurance has made a payout of US$750,000 following Typhoon Yagi's destruction across eight provinces in Lao PDR including Vientiane Capital, Phongsaly, Luangnamtha, Oudomxay, Bokeo, Luangprab...

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]]> Seadrif FY2023 net profit up 84% on deferred income https://insuranceasianews.com/seadrif-insurance-fy2023-net-profit-up-84-on-deferred-income/ Thu, 06 Jun 2024 23:00:56 +0000 https://insuranceasianews.com/?p=155371 The regional catastrophe risk platform saw loss from its insurance operations widen in 2023, but its profit was lifted by surplus grants from the MAS and the World Bank.

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Seadrif Insurance, the regional catastrophe risk platform established by Asean member states, saw 2023 full year net profit rose 84% as it was bolstered by deferred income in the form of grant monies ...

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