Webinar: 2011 Pacific Typhoon Season Recap
12:00 AM 12:00 AM
9 am SGT, 10 am JST, 12 pm EDT
Asia typhoon damage to furniture showroom,
heavy damage sustained to contents
EQECAT hosted a webinar on February 2, 2012 that discussed the unique characteristics and drivers of the 2011 Asia Pacific Typhoon Season and took a closer look at implications on the insurance/reinsurance industry and typhoon risk modeling.
The 2011 Pacific Typhoon Season had 20 named storms - fewer than the annual average of 27 in the North West Pacific basin. Of the 10 typhoons this season, Typhoon Nesat and Super Typhoon Nalgae caused significant damage to property in the Philippines, China, and Vietnam. Typhoon Roke caused significant flooding in Japan, from Nagoya to Sendai, causing over $1 billion of damage in Japan. Cyclone Yasi was the costliest South Pacific cyclone in 2011, causing almost $2 billion of insured losses in Australia.
Each season provides an opportunity to improve our understanding of typhoon and cyclone risk and its impact on the re/insurance industry. Re/insurers joined us as we examined the 2011 Pacific Typhoon and Cyclone season and discussed its unique characteristics and impacts on the re/insurance industry and on risk modeling. The agenda for this webinar included a detailed discussion on the following topics:
- Recap of the 2011 season - the forecast versus observed number of storms
- Landfalling events and key events this season