Home | News & Media | Documentation Summaries

Market Loss Return Periods –
Japan Typhoon Model

Introduction

The EQECAT Japan Typhoon provides insurers global insurers and re-insurers the ability to measure and manage their risk to catastrophic insurance losses resulting from tropical cyclones in Japan.

The principal sources of typhoon data were the JMA and JTWC catalogs of historical typhoons, covering the entire Northwest Pacific. The JTWC catalog provides data from 1945 to the present; the JMA catalog extends back to 1932; the two catalogs are consistent for the period they overlap (1945 to present). Both catalogs are updated annually. For each recorded tropical cyclone, the catalogs generally provide information such as the storm track, central pressure and wind speed at six-hour intervals along the track.

To help insurers and re-insurers understand model results and relate model results to past claims history, EQECAT provides proximate return period ranges for specific events in specific markets as noted below. These return period estimates help insurers validate the usability of the model.

Read More (Login Required)

Login to the EQECAT Documentation Center to view all of our online documentation.

For more information on this document, please e-mail us at eqecat@absconsulting.com.