SEADRIF Insurance Company
Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company provides catastrophe risk insurance coverage to participating ASEAN countries. The company is licensed as a general insurance company by the Monetary Authority of Singapore (MAS), under the jurisdiction of Singapore.
SEADRIF delivers $2m payout to Lao PDR for disaster relief
SEADRIF delivers $2m payout to Lao PDR for disaster relief
The policy triggers payouts based on the number of people impacted by disasters.
SEADRIF forms seven new partnerships in 2024 to boost disaster cover
The facility disbursed a $3m rapid payout to Lao PDR within six days following floods.
Lao PDR signs impact-based insurance policy with SEADRIF
The agreement continues Lao PDR’s push for innovative disaster risk financing.
SEADRIF issues $3m payout to Laos
Donor governments include Japan and Singapore.
SEADRIF allocates $750k for Lao flood relief
The payout was initiated on 20 September, just five days after severe flooding.
SEADRIF meets with the Philippines, in talks of boosting DRFI strategy
Challenges remain such as scarcity of specialist skills and market engagement.
SEADRIF Insurance taps Benedikt Signer for executive director role
He was previously with World Bank’s Disaster Risk Financing and Insurance Programme.
Commentary
AI isn’t replacing insurance, it’s finally making it work