Typhoon Yagi triggers Seadrif parametric pay out in Laos
September 25 2024 by Heather Ng
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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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Lao renews parametric flood cover from Seadrif Insurance with lower thresholds
- February 7
The parametric policy, which was first purchased by the government in 2021, as been expanded from 2 levels to 4 levels and thresholds lowered, providing flexibility to address varying risk scenarios, the Asean insurance platform said.
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