Seadrif’s Typhoon Yagi pay out in Laos tops US$3m

October 1 2024 by

Seadrif Insurance made a record total payout of US$3 million following the Typhoon Yagi, which caused severe flooding in Lao PDR, a company statement said.
The extended flood impact triggered a second...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Already a Subscriber? Please Login

MORE FROM: Laos
  • Testing a new article

    • July 18

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque vel urna sapien. Donec ut sapien ante. Pellentesque vulputate tellus ac urna vulputate, eu tempus enim sollicitudin. Sed dolor libero, tincidunt eget laoreet eget, semper id odio. Vestibulum pulvinar magna lorem, a venenatis libero finibus id. Curabitur fringilla elit enim. Ut quis scelerisque velit, sit amet volutpat mauris. Donec eu mi tincidunt ex tristique lobortis quis a augue. Suspendisse a congue odio, sit amet elementum nibh.

  • APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re

    • January 22

    Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.

  • Typhoon Yagi triggers Seadrif parametric pay out in Laos

    • September 25

    The Asean risk pool initiatied the US$750,000 payout on September 20, which was five days after the peak of the flooding in the country's capital Vientiane.

  • Seadrif FY2023 net profit up 84% on deferred income

    • June 7

    The regional catastrophe risk platform saw loss from its insurance operations widen in 2023, but its profit was lifted by surplus grants from the MAS and the World Bank.

Partner Content