SEADRIF, is a regional platform that will build ASEAN’s financial resilience against climate shocks and disasters by providing knowledge, technical and financial solutions.
Through SEADRIF, ASEAN countries are taking leadership in building a joint mechanism to enhance preparedness for climate and disaster risks.
SEADRIF is an ASEAN+3 Initiative in partnership with The World Bank. It is composed of these four tracks:
- The SEADRIF Trust: a legal arrangement for SEADRIF open to all ASEAN+3 countries and governed by the Council of Members that will provide overall strategic direction for SEADRIF.
- SEADRIF Sub-Trust(s): an arrangement(s) for a sub-group(s) of SEADRIF member countries and development partners to develop and govern specific initiatives.
- The SEADRIF Trustee: holds the legal title to the assets of SEADRIF Trust and is the sole shareholder of the SEADRIF Insurance Company.
- The SEADRIF Insurance Company:a general insurance company registered in Singapore.