Typhoon Yagi triggers Seadrif parametric pay out in Laos
September 25 2024 by Heather Ng
-
Typhoon Wipha, flooding unlocks US$2m Seadrif parametric payout in Laos
- September 4
Payout was made under the new sovereign parametric insurance policy issued by the Asian risk pool in May, which features an annual aggregate trigger.
-
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.
-
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.
-
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.
-
PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
-
BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
-
QBE | Elevating customer experience, humanising claims: QBE Asia’s ‘Solutions in a Box’
Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
-
Beazley | What does cyber protection look like from day 1 to day 600 and beyond?
Cybersecurity is no longer just an IT concern, but a governance issue that belongs on the boardroom agenda.
