Disaster risk finance

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

March 18 2025

Chua previously led disaster risk financing initiatives at the Philippines’ Bureau of the Treasury.

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.

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.

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