SEADRIF bolsters team with two senior appointments

The Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Heddy Pritasa as a Board Member, while Dr. Yoshihiro Kawai, with the Council of Members’ endorsement, will assume the new role of SEADRIF Initiative Director in August 2024.

Pritasa is an industry veteran with over three decades of experience in Indonesia and the ASEAN region.

Most recently, he served as the Technical Director of PT Reasuransi MAIPARK Indonesia, where he spearheaded strategic and business development initiatives and formulated the technical aspects of internal strategic insurance.

Pritasa also served as Chairman of the ASEAN Natural Disasters Research and Works Sharing ASEAN Insurance Council (ANDREWS AIC).

Additionally, he led the Technical Committee team within the State-Owned Property Insurance Consortium of Indonesia (KABMN).

As Initiative Director, Dr. Kawai is responsible for building strong management to strengthen governance, capacity, and stakeholder relationships within the SEADRIF Initiative, enhancing its beneficial impact for ASEAN+3, comprising Southeast Asian countries plus China, Japan, and the Republic of Korea.

As the Board Chair of the SEADRIF Insurance Company, Dr. Kawai will continue to guide the company toward future growth while overseeing both the SEADRIF Initiative and the SEADRIF Insurance Company.

Additionally, Dr. Kawai will serve as Secretary General of the ASEAN＋3 DRF Initiative, launched by the ASEAN+3 Finance Process.

Dr. Kawai is globally and regionally recognised as a market leader in DRF, having held notable roles such as Chair of the OECD Insurance and Private Pension Committee, Chair of the Global Asia Insurance Partnership (GAIP), Advisor to the Commissioner of Japan Financial Services Agency (FSA), and Member of the International Advisory Council, China National Financial Regulatory Administration (NFRA).

Dr. Kawai has led the International Association of Insurance Supervisors (IAIS) for 20 years as Deputy Secretary General (1998-2003) and Secretary General (2003-2017). During this period, he was also a member of the Financial Stability Board (formerly Financial Stability Forum).

Dr. Kawai began his career with Tokio Marine and Fire Insurance Co. and the Ministry of Labour, Japan. He later served on the Secretariat for the OECD Insurance Committee in Paris.

From 1995 until 1998, he served as Advisor to the Minister of Finance and the President of the Insurance Supervisory Authority Poland, based in Warsaw.

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