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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, October 7, 2026

Disaster risk finance

gic-re-proposes-parametric-insurance-for-natural-disaster-coverage-in-india-report
India explores nationwide parametric scheme with local insurers to streamline disaster payouts: Report
October 7 2025
The talks also cover potential funding mechanisms for the scheme, including the use of disaster relief funds or small deductions on utility bills, according to a government official cited by Reuters.
world-bank-philippines-to-launch-us70m-climate-risk-insurance-pool
World Bank to back US$70m co-insurance pool for Philippine agriculture
September 10 2025
The initiative aims to cover 750,000 farmers and fisherfolk in the country by 2030.
over-300000-nat-cat-impacts-trigger-seadrifs-us2m-parametric-payout-to-lao-pdr
SEADRIF pays out US$2m to Lao PDR under new sovereign parametric insurance policy
September 4 2025
The new policy, issued in May and developed in partnership with Gallagher Re, uses human impact data as the trigger for payouts.
seadrif-sets-record-payouts-speeds-up-disaster-response-across-sea
SEADRIF marks milestone year with record payout, speeds up disaster response across Southeast Asia
August 14 2025
Annual report notes record US$3m payout to Lao PDR after Typhoon Yagi, capping a year of quick relief, expanded partnerships, and new coverage strategies for the region.
tonga-eyes-expanded-pcric-disaster-cover-with-us1m-premium-plan
Tonga makes commitment to expand parametric cover with PCRIC
July 21 2025
Proposed renewal would broaden Tonga’s parametric insurance to include drought for the first time.
seadrif-gallagher-re-partner-on-milestone-renewal-in-lao-pdr
SEADRIF, Gallagher Re partner on 'milestone' multi-peril parametric policy for Lao PDR
July 18 2025
Renewal expands coverage beyond flood and marks one of the first times government-reported human impact data serves as the trigger for payouts.
tasmanian-liberals-proposed-state-run-insurer-could-shift-risk-to-taxpayers-ica-warns
Tasmania's proposed state-run insurer could shift 'significant financial risk' to taxpayers, ICA warns
July 3 2025
ICA cited the US National Flood Insurance Program, which cost the federal government US$20.52bn in unfunded ageing debt.
seadrif-pcric-collaborate-with-global-peers-on-us5-3m-disaster-risk-financing-project
SEADRIF, PCRIC, global peers secure US$5.3m grant grant to boost joint climate resilience efforts
April 16 2025
Grant agreement looks to strengthen global collaboration among regional risk pools, enhance technical capacity, and improve access to risk capital.
seadrif-appoints-shannen-nicole-chua-as-implementation-and-programme-development-specialist
SEADRIF appoints Shannen Nicole Chua as Implementation and Programme Development Specialist
March 18 2025
Chua previously led disaster risk financing initiatives at the Philippines’ Bureau of the Treasury.
risk-pool-chiefs-eye-global-reinsurance-facility
Risk pool chiefs eye global reinsurance facility
November 22 2024
At COP29, regional risk pool leaders welcomed the idea of a shared facility but warned of coordination costs and governance challenges.
pcric-secures-us2-63m-grant-at-cop-29
Pacific Catastrophe Risk Insurance Company secures US$2.6m grant at COP 29
November 18 2024
GSSP grant aims to enhance product development and improve research and education around climate resilience in the Pacific Islands.
pcric-wtw-renew-pacific-island-policy-with-simplified-parametric-structure
PCRIC, WTW renew Pacific Island policies with simplified parametric structure
November 7 2024
New simplified structures help to reduce reinsurance costs.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.