Frequently Asked Questions

SEADRIF Initiative

The Initiative, established by ASEAN+3 members, serves as the strategic and governance arm of SEADRIF, facilitating SEADRIF’s engagement with stakeholders by supporting member countries in dialogue, building consensus, and strengthening governance.

SEADRIF Insurance
Company

The Company serves as the operational arm of SEADRIF, working alongside our member countries to facilitate innovative policy solutions and vital insurance-related payouts that build regional resilience and address crises in real-time.

SEADRIF Insurance Products

SEADRIF will continue to expand its insurance products in close coordination with member countries. The Company’s most recent innovation is a new parametric sovereign disaster risk insurance policy for Lao PDR, featuring a first-of-its-kind trigger based on government-reported population impact.
What is SEADRIF?
SEADRIF Insurance Product
Payouts & Terms
Additional Information

What is SEADRIF

What is SEADRIF?

What does SEADRIF not do?

How does SEADRIF help the poorest and most vulnerable populations?

Where does the money come from?

How is SEADRIF structured?

How SEADRIF Insurance work?

How does SEADRIF’s parametric catastrophe risk insurance policy for Lao PDR work?

What are the key policy innovations introduced?

What is the parametric model and how does it work

What is basis risk and how is it being addressed?

How much does this insurance cost?

How are the payout funds administered and managed?

Why is there reinsurance?

What governance arrangements are in place to ensure transparency and accountability?

Payouts & Terms

How are payouts calculated?

How quickly will assistance be provided in the event of a disaster

Under what circumstances might there be no payout under the parametric component?

Additional information

Can I buy insurance from SEADRIF?

Do other countries use similar insurance products to protect themselves against disasters?

Will this product be expanded to more countries?

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