Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Tropical storm Talas could cause as much as $600m of losses in Japan


Risk modeller AIR Worldwide has reported that tropical storm Talas, which made landfall on the Japanese island Shikoku on Friday before heading across the main island of Honshu has caused extensive damage despite being a weak storm. Talas dropped significant amounts of rainfall on Japan as it slowed and crossed the islands very slowly, allowing flooding to cause significant damages.

Talas broke Japan’s previous rainfall record, with one recording showing 1,600mm of rainfall from Talas. That’s an amazing amount of precipitation and it’s no surprise that damages will be high.

AIR Worldwide estimate that Talas has caused between $150m and $600m worth of insured losses. We don’t believe that this storm could trigger any Japan typhoon and windstorm exposed catastrophe bonds as they are generally triggered based on a typhoon level windspeed, which Talas did not achieve at landfall. You can read their full report on the storm here.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.