Claims and losses, Disaster risk finance, Nat Cat, Nat Cat events, News, Parametric, Reinsurance

SEADRIF pays out US$2m to Lao PDR under new sovereign parametric insurance policy

The new policy, issued in May and developed in partnership with Gallagher Re, uses human impact data as the trigger for payouts.

Nica Hanopol

September 4, 2025

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3 min read

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.

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.