Guy Carpenter today announced the appointment of Pietro Toffanello as Head of Japan in the first quarter of 2021. ... Continue Reading »
Japan
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 »
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 »
Diversity is Key to a Successful Business
To tackle gender and diversity issues, corporate commitment goes a long way. Guy Carpenter has been at the forefront of this change, instituting policies that encourage, nurture, and ensure diversity in the workplace. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by c ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
CAT-i Bulletin: Super Typhoon Hagibis
Typhoon Hagibis made landfall in Japan as a category-2 on the Izu Peninsula in the Shizuoka Prefecture on October 12 around 7 PM local time. Large stretches of the country were hit by strong winds and torrential rainfall, and the Japan Meteorological Agency issued warnings and advisories affecting all prefectures in the Honshū, Kyushu, Shikoku and Hokkaido Islands. The highest ... Continue Reading »
Weather Sentinel: Super Typhoon Hagibis Closes in on Japan
Hagabis, a category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall on Saturday morning October 12. Fortunately, the forecast calls for Hagabis to weaken to a category 3 typhoon by landfall. If the forecast for Hagabis verifies, it would be the sixth typhoon of the 2019 season to directly impact Japan and one ... Continue Reading »
CAT-i Bulletin: Typhoon Faxai
In the Northwest Pacific Basin, Typhoon Faxai made landfall on September 9 around 5 AM local time near the city of Chiba in the Greater Tokyo Area, after crossing the Tokyo Bay as a category-2. Among the strongest typhoons to hit the Greater Tokyo Area in recorded history, Faxai was accompanied by record wind gusts from multiple weather stations in the affected region. Damaging ... Continue Reading »
Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation
The script of the global cyber insurance market is still mainly being written in the United States. Approximately 85 percent of global cyber insurance premiums of between USD 2.5 and 3.5 billion are generated in the United States. The take-up rate for this line of business in Asia is still relatively low, but the Japan market has been experiencing steady growth in the last 24 ... Continue Reading »
Prioritizing Business Risks in Japan
In 2019, technological and geopolitical threats continue to be at the center of the risk landscape for businesses in Japan. Other vulnerabilities have also resurfaced, notably the persistent threats of natural catastrophes, the country's tight labor market and the specter of an asset bubble. ... Continue Reading »
