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SEADRIF and WFP Launch $1.1m Parametric Insurance Policy in Lao PDR
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SEADRIF and WFP launch $1.1m parametric insurance policy in Lao PDR
SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched a parametric insurance policy in Lao PDR, providing up to $1.1 million in pre-arranged financing to support communities affected by extreme weather events and other natural hazards promptly. The policy brings together government, humanitarian, and disaster risk financing partners in a “public-private collaboration” aimed at strengthening preparedness and lo…
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