Typhoon Yagi triggers Seadrif parametric pay out in Laos
September 25 2024 by Heather Ng
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Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
- July 18
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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APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
- January 22
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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Seadrif’s Typhoon Yagi pay out in Laos tops US$3m
- October 1
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 FY2023 net profit up 84% on deferred income
- June 7
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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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
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Sedgwick | Asia’s Energy Transformation – Balancing Growth, Risk and Renewables
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
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Aon | Navigating shifts in the global and Asia insurance markets
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