Guy Carpenter today announced the appointment of Pietro Toffanello as Head of Japan in the first quarter of 2021. ... Continue Reading »
Asia Pacific
CAT-i Bulletin: Typhoon Vamco (Ulysses)
Typhoon Vamco made its first landfall on Patnanungan Island (Quezon Province, Philippines) around 10:30 PM local time on November 11 as a category-1 equivalent on the Saffir-Simpon scale. The typhoon then gained category-2 strength before crossing Quezon and then Luzon. The system caused extensive flood damage, with Metro Manila seeing its worst flooding in years. Disruption to ... Continue Reading »
Guy Carpenter Launches Probabilistic Vietnam Flood Model
Guy Carpenter today announced the launch of its new Vietnam Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, which affect 70 percent of the country’s population. ... Continue Reading »
CAT-i Bulletin: Super Typhoon Goni (Rolly)
Super Typhoon Goni made landfall on Bato (Catanduanes province, Philippines) around 4:50 AM local time on Sunday, November 1 as a Category 5-equivalent super typhoon. 1-Minute sustained winds prior to landfall were around 315 km/hr (195 mph). The storm made three additional landfalls while tracking north-west and passed south of the National Capital Region. Severe wind damage ... Continue Reading »
Political Risk Map 2020: Mid-Year Update for Asia-Pacific
Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
CAT-i Bulletin: Typhoon Haishen
Typhoon Haishen made landfall near Ulsan, South Korea around 9 AM GMT+9 Monday, with 1-minute maximum sustained winds of around 155 km/hr (96 mph) prior to landfall, a category-2. About six hours before landfall, the storm brushed past Japan’s Kyushu Island. Haishen hit areas already affected by typhoon Maysak, and flood effects were further amplified by prior monsoon activity i ... Continue Reading »
Guy Carpenter Launches Probabilistic Indonesia Flood Model
Guy Carpenter announced the launch of its new Indonesia Flood Model. The fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, the most frequently occurring natural peril in the country. ... Continue Reading »
Typhoon Haishen/Maysak – Korean Peninsula & Japan
Typhoon Haishen is an escalating threat to portions of Japan and the Korean Peninsula over the coming days, with the threat of destructive winds and heavy rainfall. This threat comes after Typhoon Maysak followed a similar track earlier in the week, with reports of heavy rainfall and inland flooding, and wind damage with downed trees and powerlines. Typhoon Haishen is ... Continue Reading »
Asia’s Digital Hospitals Of Tomorrow
As the COVID-19 pandemic appears poised to continue into the fall, the reinsurance industry is collaborating with healthcare executives on how to mitigate the effects of the virus on the sector, and telemedicine and virtual care solutions have proved themselves to be viable healthcare options, though costs are currently high. ... Continue Reading »
Higos Strengthens on Approach to Guangdong Province
In the South China Sea, Higos gained strength on its final approach to the coast of Guangdong Province. The center of circulation made landfall over Zhuhai around 7 AM local time August 19 as an equivalent category-1, according to statements of the Hong Kong Observatory (HKO). Downed trees and powerlines can be expected over affected areas with some wind damage to property. ... Continue Reading »
