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 »
Japan
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 »
Europe Experienced Increased Cyberattacks in the First Half of 2018
Estimates suggest that the number of cyberattacks across Europe increased by around a third in the first quarter of 2018, compared to the same period last year, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018. ... Continue Reading »
14 Shades of Risks: Navigating the Risk Landscape in Asia-Pacific
The 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 ... Continue Reading »
Super Typhoon Trami
In 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 h ... Continue Reading »
Mw 6.6 Earthquake – Iburi, Hokkaido
A 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 ... Continue Reading »
Super Typhoon Jebi
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 ... Continue Reading »
