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Asia Typhoon

< Natural Hazard and Catastrophe Risk Solutions

Region-specific Innovation in
Both Hazard and Vulnerability

Overview

Features

Region Specific Innovation in Both Hazards and Vulnerability

The Asia Typhoon Model is a detailed, basin-wide model, with a wide geographic coverage and provides results for wind only and combined wind, storm surge and rainfall-induced flooding, for all countries within the model. The model is part of the Catastrophe Risk Management suite of products from CoreLogic^® included in the catastrophe modeling platform, RQE^® (Risk Quantification & Engineering).

Asia-Typhoon-Modeling-graphic

The Western Pacific basin is one of the most active basins in the world. It produces an average of about 28 tropical storms annually and is known for producing some of the world’s most intense tropical cyclones. The combination of economic growth and underlying risk has elevated the risk profile for these nations on the global re/insurance industry. Recent notable events include Typhoons Morakot (2009), Hagupit (2008), Krosa (2007), and Saomai (2006), each of which resulted in more than $1 billion USD in damage; and Super Typhoon Haiyan (2013), which caused over $5 billion USD in damage, making it the worst recent in history to strike the Philippines.

Broad Geographic Coverage:

Geographic coverage includes: Japan, South Korea (ROK), China (PRC), including Hong Kong and Macau, Taiwan (ROC), the Philippines, Thailand, Vietnam and Malaysia
Consistent risk assessment throughout the region and appropriately captures the relevant spatial correlations

Comprehensive Agents of Damage

Primary agents of damage from tropical cyclones worldwide are the direct action of extreme winds upon structures, damage due to storm surge, and rainfall-induced flooding. This model allows analysis of: