{"id":339,"date":"2025-07-18T07:00:28","date_gmt":"2025-07-18T07:00:28","guid":{"rendered":"https:\/\/shavlinoture.com\/?p=339"},"modified":"2025-07-23T10:00:41","modified_gmt":"2025-07-23T10:00:41","slug":"gallagher-re-structures-and-places-innovative-multi-peril-parametric-policy-for-seadrif-and-lao-pdr","status":"publish","type":"post","link":"https:\/\/shavlinoture.com\/index.php\/2025\/07\/18\/gallagher-re-structures-and-places-innovative-multi-peril-parametric-policy-for-seadrif-and-lao-pdr\/","title":{"rendered":"Gallagher Re structures and places innovative multi-peril parametric policy for SEADRIF and Lao PDR"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

Gallagher Re, the global reinsurance broker, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a parametric re\/insurance programme for the government of Lao PDR.
\n<\/span>
\n\"gallagher-re-logo\"According to the broker, the two-year policy expands the original 2021 flood-only placement, to include additional perils such as typhoons, earthquakes, and landslides.<\/p>\n

The policy was established on May 3, 2025 and provides up to $16 million in aggregate parametric protection.<\/p>\n

Moreover, the policy\u2019s payout triggering mechanism is based on actual, reported loss information aggregated at the national level, which makes it one of the first, globally, to use a government-reported impact-based trigger.<\/p>\n

Gallagher Re also explained that the parametric structure is triggered by the number of people that are affected by a covered peril, which established domestic agency, the National Disaster Management Office (NDMO), independently reports.<\/p>\n

The reports are typically available within days after an event, and their use as a parametric trigger for financial response is backed by advanced analytical work carried out by Gallagher Re.<\/p>\n

\u201cThis new type of trigger was required because traditional hazard-based markers are unable to fully capture the variety and complexity of flood and other catastrophe events in the region,\u201d commented Gallagher Re.<\/p>\n

The resulting NDMO-based framework helps to address both SEADRIF and the government of Lao PDR\u2019s needs for financial protection products which closely align with the observed impacts on livelihoods.<\/p>\n

\u201cThe product shows great potential to be further scaled up and to help reduce the protection gap in the region in the future,\u201d Gallagher Re added.<\/p>\n

\u201cGallagher Re is proud to have collaborated with SEADRIF on renewing this groundbreaking product. This achievement was underpinned by comprehensive analytical work and close consultations with clients and markets,\u201d commented Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re.<\/p>\n

Adding: \u201cOur innovative parametric set-up further pushes the boundaries of disaster risk finance and represents a solution that is both simple and more reliable. It captures the complexities of extreme catastrophe events such as flooding whilst minimizing basis risk. It shows great potential for replicability in flood-prone countries and we look forward to further expanding it with SEADRIF in the region.\u201d<\/p>\n

\u201cWe appreciate the technical leadership of Gallagher Re in bringing this enhanced policy to reality. This milestone represents not only a significant achievement for SEADRIF but also an advancement in parametric insurance products,\u201d said Benedikt Signer, Executive Director of SEADRIF Insurance Company.<\/p>\n

\u201cWe are committed to serving all ASEAN member countries and making a meaningful impact to protect vulnerable populations and fostering sustainable development. We look forward to our continued partnership with Gallagher Re to expand our impact,\u201d Signer concludes.<\/p>\n

Gallagher Re structures and places innovative multi-peril parametric policy for SEADRIF and Lao PDR<\/a> was published by: www.Artemis.bm<\/a>
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Gallagher Re, the global reinsurance broker, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed…<\/p>\n","protected":false},"author":1,"featured_media":341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"_links":{"self":[{"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/posts\/339"}],"collection":[{"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/comments?post=339"}],"version-history":[{"count":2,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/posts\/339\/revisions"}],"predecessor-version":[{"id":342,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/posts\/339\/revisions\/342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/media\/341"}],"wp:attachment":[{"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/media?parent=339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/categories?post=339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shavlinoture.com\/index.php\/wp-json\/wp\/v2\/tags?post=339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}