News

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.

Ms. Su Hoong Chang brings a wealth of experience and insights from her work with regulatory bodies, international financial institutions, and national authorities. Over 30 years, Ms. Chang has built a distinguished career in both the public and private sectors.

During the week of FEMM, the PCRIC team paid a courtesy visit to the new Secretary General of the Pacific Islands Forum Secretariat, Mr. Baron Waqa.

Since 2014, African Risk Capacity (ARC) Ltd. has been pioneering parametric insurance in Africa and making inroads in protecting vulnerable communities. Having begun with coverage against drought risk, the company has diversified its service offering over the last decade to include the most prevalent hazards on the continent. 2023 proved a significant year of innovations and landmark agreements, propelling the company’s mission to provide coverage across all 55 African Union countries.

The Pacific Catastrophe Risk Insurance Company (PCRIC) and the United Nations World Food Programme (WFP), have signed a Memorandum of Understanding (MoU), marking a major advancement in disaster risk financing initiatives for the Pacific region. The MoU was signed by PCRIC’s CEO, Aholotu Palu, and the WFP Deputy Executive Director and Chief Operating Officer, Carl Skau.

The SEADRIF Insurance Company is delighted to announce the successful renewal of parametric insurance coverage for flooding with the Government of Lao PDR. This renewal marks a significant continuation of our commitment to providing innovative catastrophe risk solutions tailored for our members.