SEADRIF makes over $1 million in payouts to Lao PDR and WFP under parametric policies
1st September 2026The Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company) has made payouts of USD 1.14 million to the Government of Lao PDR and the United Nations World Food Programme (WFP), after heavy rainfall and widespread flooding triggered both Lao PDR’s two-year parametric sovereign policy and WFP’s 2026 disaster resilience policy.
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