Typhoon Yagi triggers Seadrif parametric pay out in Laos
September 25 2024 by Heather Ng
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Hanoi flooding from Typhoon Kajiki expected to result in limited commercial claims
- August 27
While the windstorm has caused significant damage, it did not hit the industrial areas, unlike Typhoon Yagi last year.
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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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