Zurich - 20 Dec 2022
PERILS has today disclosed its second industry loss estimate for Typhoon No. 14, also known as Nanmadol, which affected the islands of Kyushu and Shikoku in southern Japan and the western and central regions of Honshu from 18 to 20 September 2022. Based on claims data collected from affected insurance companies, the new estimate is JPY 120bn. This compares to the initial estimate of JPY 114bn which was released by PERILS on 1 November 2022. The loss numbers encompass the losses from the property line of business as sustained by the Japanese non-life industry.