SEADRIF’s new parametric policy delivers $2m payout to Lao PDR
Reinsurance News - Sep 04, 2025
The SEADRIF Insurance Company made a payout of $2 million to the Ministry of Finance of Lao PDR on 1st September 2025, under a first-of-its-kind policy that uses official government data on the number of people affected as the sole payout trigger, after 305,196 people were impacted by multiple disas...
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