Posts Tagged ‘Japan’



December 12th, 2018

14 Shades of Risks: Navigating the Risk Landscape in Asia-Pacific

Posted at 1:00 AM ET

14shades_thumbnailThe Asia-Pacific region (APAC) has become the world’s primary driver of global economic growth.

While often referred to as one economic bloc, the Asia-Pacific region is home to countries and territories that are vastly different from each other in terms of demographics, economic development stages, political institutions and cultures. This regional heterogeneity translates to a diversified set of risk concerns in different countries and territories.

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December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomas_photoCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

Thomas Herde, Guy Carpenter’s Head of Casualty Specialty Practice in Asia Pacific, says: “We may be seeing a shift in Asia Pacific as businesses in the regions now recognize the growing risk of cyberattacks and the extent of the damages they may cause.”

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October 1st, 2018

Super Typhoon Trami

Posted at 6:53 PM ET

trami-2-bigIn the West-Pacific Basin, Typhoon Trami made landfall in the city of Tanabe, Japan (Wakayama prefecture) on 30 September at around 11 UTC (8 PM local time), according to media reports. Before reaching Honshu, the typhoon had rendered considerable impacts while making close approach to Okinawa, Kyūshū and Shikoku Islands. Trami brought significant flood impacts as a result of heavy rainfall and storm surge, as well as variable property damage due to wind. Significant power outages and transportation disruption have been reported by media. Over 4.3 million people were given evacuation orders or advisories. Media reports indicate at least four fatalities and 120 injured. It will take time to fully assess the complete scope and severity of the event, and our first thoughts and concerns are with those directly affected.

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September 9th, 2018

Mw 6.6 Earthquake – Iburi, Hokkaido

Posted at 8:48 PM ET

hokaido-earthquake-smallA magnitude (Mw) 6.6 earthquake struck the island of Hokkaido in northern Japan at 18:07 UTC on  September 5 (03.07 JST on September 6), according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 33.4 km in the Iburi Subprefecture, about 20 km east of the coastal city of Tomakomai and 62 km southeast of Sapporo. No tsunami warning was issued. The event triggered significant landsliding causing damage to buildings and vehicles, as well as widespread power outages. Reports indicate nearly three million households without power, affecting about half of the 5.3 million residents of the Island. Media reports indicate at least sixteen fatalities and over 150 injured, with 26 others still missing. It will take time to fully assess the scope and severity of this event, and our first thoughts and concerns are with those affected.

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September 6th, 2018

Super Typhoon Jebi

Posted at 7:22 PM ET

jebi-2-200-x-150

In the West Pacific Basin, Typhoon Jebi made first landfall on Shikoku (Tokushima Prefecture) at around 03 UTC on 4 September, and then second landfall near Kobe (Hyōgo Prefecture) at around 05 UTC on the same day. The storm brought reports of damaging wind gusts in excess of 160 km/hr (100 mph), flooding due to storm surge and heavy rainfall and mudslides. Widespread damage and power outages have been reported by media across southern Japan. Flood impacts have been especially severe in the Osaka Prefecture, where the Kansai International Airport was affected by storm surge, with disruption also to transportation links. Media reports indicate at least eleven fatalities and 400 injured. It will take time to fully assess the full scope and severity of this ongoing event, and our first thoughts and concerns are with those directly affected.

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July 24th, 2018

Aging Population and Automation: Which Nations Face High Risk

Posted at 1:00 AM ET

patty-sungleslie-chacko-headshotPatty Sung, Innovation Leader at the Mercer Global Innovation Hub and Leslie Chacko, Director at Global Risk Center, Marsh & McLennan Companies

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The specific countries that face a high risk of automation of jobs held by older workers also tend to have projections for a rapidly aging population, according to the study The Twin Threats of Aging and Automation by Marsh & McLennan Companies.

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July 18th, 2018

Chart: Top Ten Catastrophe Bond Transactions In 2017

Posted at 1:00 AM ET

The table lists the top ten catastrophe bond transactions that were completed in 2017.

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July 5th, 2018

Chart: Top Ten Catastrophe Bond Transactions In 2017

Posted at 1:00 AM ET

The table lists the top ten catastrophe bond transactions that were completed in 2017.

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June 25th, 2018

Volcanic Eruptions: A Complex and Largely Overlooked Risk

Posted at 1:00 AM ET

Delioma Oramas-Dorta, Catastrophe Risk Analyst

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Volcanic eruptions are complex phenomena that may affect populations and economies in ways we may not be familiar with. Large volcanic eruptions can spew ash spreading hundreds or even thousands of kilometers; and deposited ash may damage buildings at different levels, from catastrophic structural damage in extreme cases of significant ash fall accumulation, to abrasion or corrosion of nonstructural elements such as roofs, gutters and cladding.

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