In finalising the insurance and reinsurance industry loss estimate for Japanese typhoon Nanmadol, which struck the country in September 2022, catastrophe loss data aggregator PERILS AG has lowered the total to JPY 125.9 billion, while also saying that its data is increasingly being used in Japanese ILW loss triggers.
The finalised estimate for typhoon Nanmadol is down from the JPY 129.6 billion estimate from March 2023, which was the last PERILS update.
