THE SEADRIF INSURANCE COMPANY

Providing catastrophe risk insurance coverage


About

Background

The SEADRIF Insurance Company was incorporated in Singapore in April 2019 as a licensed insurance company under the Singapore Insurance Act. The Insurance Company is fully owned by SEADRIF member countries through Intertrust acting as Trustee of the SEADRIF Trust and regulated by the Monetary Authority of Singapore. It is governed by a Board of Directors comprising five professionals with decades of experience in the insurance industry.
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Catastrophe Risk Insurance Product

The Insurance Company has structured a new parametric sovereign disaster risk insurance policy for Lao PDR, the first in the world to use a unique trigger based on the cumulative government – reported  number of people affected across several types of disasters. This new model, which reimagines Disaster Risk Financing, can be expanded in the future to meet the demands of other countries in a changing regional landscape.

Learn more about how the new multiple perils product works

Product FactsheetInfographic Poster

Introduction Video

SEADRIF Insurance Company, in collaboration with the Lao Ministry of Finance, presents a case study video to explain how the insurance product works, covering aspects such as the policy structure, rapid payouts, and policy renewal.
Watch the Introduction Video in Lao
Watch the Introduction Video in English

Board of Directors

The SEADRIF Insurance Company is governed by a Board selected and appointed by members of the SEADRIF Sub-Trust A.

Dr. Yoshihiro Kawai

Non-Executive Director and Chair of the Board

Chair of the OECD Insurance and Private Pension Committee; Chair of the Global Asia Insurance Partnership (GAIP)

Dr. Kawai brings a wealth of both industry and policy experience to SEADRIF. After starting his career in the insurance industry and the government of Japan, he spent two decades leading high level international policy and spearheading insurance regulatory developments at the International Association of Insurance Supervisors (IAIS).

Dr. Kawai currently also serves as Chair of the OECD Insurance and Private Pension Committee; Chair of the Global Asia Insurance Partnership (GAIP); Advisor to the Commissioner, Japan Financial Services Agency (FSA); and Member of the International Advisory Council, China Banking and Insurance Regulatory Commission (CBIRC). He is also Adjunct Professor at the Graduate School of Management, Kyoto University and Visiting Professor at the Graduate School of Public Policy, Tokyo University.

Ms. Hien Anh Than

Board Director


Ms. Than brings a wealth of board governance and executive management experience in the financial and insurance sectors to the SEADRIF Insurance Company.

Hien Anh was on the Board of Directors at Baoviet Holdings (BVH), Vietnam's largest financial conglomerate, and Chair of the Board of Bao Viet Life. She was also the Vice Chairperson at the Insurance Association of Vietnam (IAV). 

Over nearly 30 years, Hien Anh has built a prominent career in the Vietnamese financial services and insurance industry, including reinsurance, general insurance, life insurance, and asset management. She has held multiple senior positions, including Chief Executive Officer (CEO) of Baoviet Life, Chair of the Board of Tokio Marine Bao Viet Joint Venture, as well as Baoviet Holdings Group Chief Strategy Officer (CSO) and Chief Risk Officer (CRO).

Hien Anh is a Chevening Scholar with an MBA from the University of Birmingham, UK.
She is a Fellow of the Financial Services Institute of Australia (FINSIA). 

Mr. Benedikt Signer

Executive Director and Board Director


Mr. Benedikt Signer has been a core part of the SEADRIF Insurance Company team since March 2023, acting as an Advisor to the Board in the areas of strategy, organizational and product development, partner and country engagement, public-private partnership and operational management.

Mr. Signer brings a wealth of knowledge and experience in Disaster Risk Finance, combined with deep insights from his extensive experience working with governments and development partners in the region.

Over a decade at the World Bank, he supported more than 20 countries in actively managing potential losses from climate and disaster shocks across Southeast Asia and other regions. He was closely involved in the creation and implementation of multiple global initiatives, including co-leading the Global Risk Financing Facility (GRiF) and supporting the design of the G7-V20 Global Shield against Climate Risks. He co-led the establishment of the World Bank’s Financial Protection Academy which has by now reached over 30,000 people in more than 100 countries.

Mr. Signer has advised the Asian Development Bank as a technical team leader and worked with select global universities and private sector organizations. He is involved in several non-profit technology organizations around climate and sustainability.

Dr. Leow Yung Khee

Board Director


Dr, Leow is a trained medical doctor who has extended her expertise into the insurance and regulatory domains, she currently serves as Senior Medical Advisor at Singlife.

Dr. Leow previously served as a Director at the Monetary Authority of Singapore (MAS), where she specialised in health insurance and worked closely with ministries and public-private partners. She led the team that developed Singapore’s health insurance regulatory framework, which underpins national initiatives such as MediShield Life and CareShield Life. Her work also encompassed policy formulation and supervisory responsibilities across the life, general, and reinsurance sectors. During her tenure at MAS, she contributed to Asia and ASEAN regional regulatory and insurance policy initiatives aimed at strengthening capacity and encouraging innovation in public-private collaboration.

Dr. Leow was conferred the IBF Fellow award in 2016 by the Institute of Banking and Finance Singapore, recognising her leadership and contributions to the industry. She has held multiple senior positions in two major Singapore insurers, including Head of Group Insurance, Head of General Insurance, and Head of New Business and Claims. 

Ms. Mei Fern Johnson

Board Director


Originally from Malaysia, Ms. Johnson is an internationally recognised lawyer with more than 25 years’ experience advising private and public sector clients on complex corporate and commercial matters, including mergers and acquisitions, overseas investments in New Zealand, and issues at the intersection of the public and private sectors.

A partner at leading New Zealand law firm Russell McVeagh and a consultant to the World Bank Group on disaster risk financing projects, Ms. Johnson’s legal practice spans the infrastructure, technology, energy, and transport sectors.

Ms Johnson serves as a Member of the Victoria University Council, with prior governance and leadership roles including Director of National Infrastructure Funding and Financing Limited, Independent Member of the Capital and Infrastructure Board Committee for Health NZ Te Whatu Ora, Acting General Counsel for the Accident Compensation Corporation, and Board Member for Russell McVeagh. She holds the GAICD qualification from the Australian Institute of Directors and is a member of the New Zealand Institute of Directors.

Company Management

The management of the Insurance Company and its functions are outsourced to competitively selected professional service providers in Singapore. Third party service providers include the insurance manager, asset manager, reinsurance broker, and calculation agent. The Insurance Company conducts its operations in line with its constitution and the SEADRIF Operations Manual adopted by member countries.

Latest news

SEADRIF, FAO, and Six ASEAN Countries Agree to Explore the Southeast Asia Agricultural Risk Finance Facility
Singapore, 25 February 2025 – The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) and the Food and Agriculture Organization of…
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The SEADRIF Initiative is pleased to announce the appointment of Ms. Kara Devonna Siahaan as Strategy Advisor
Ms. Kara Devonna Siahaan is the Strategy Advisor for the SEADRIF Initiative. She focuses on strategy and governance, supporting Dr.…
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SEADRIF、ラオスを訪問し300万米ドルの支払いを提供
「ラオス、2024年10月3日木曜日」-SEADRIFとラオス財務省は、台風ヤギによる被害で発動された政府のパラメトリック洪水保険契約からの300万米ドルの支払いを発表する式典を行いました。
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