Images of total devastation from Typhoon Haiyan shocked the global community in 2013, and Haiyan still haunts the Philippines five years on. At 4.40 a.m. local time on Friday, November 8, 2013, the city of Guiuan (pop. ~52,000) on the island of Leyte, in the Eastern Visayas, Philippines, first experienced the full force of Typhoon Haiyan (Super Typhoon Yolanda) as it made landfall. The city’s mayor declared “100 percent damage.” A community found itself homeless as 10,008 structures in Guiuan were destroyed and 1,601 were partially damaged. The Joint Typhoon Warning Center (JTWC) estimated Haiyan’s one-minute sustained winds at 315 kilometers per hour (195 miles per hour) at landfall, and at the time, this unofficially made Haiyan the strongest tropical cyclone ever observed based on wind speed.
Haiyan was a story of prolific intensification, starting life as an area of low pressure some 3,200 kilometers (2,000 miles) east-southeast from landfall just six days previously. Warmed by the Pacific, Haiyan was a tropical depression on November 3, tropical storm on November 4, and claimed typhoon status by November 5. Four days into monitoring, by November 6, the JTWC assessed Haiyan as the equivalent of a Category 5 on the Saffir-Simpson Hurricane Wind Scale (SSHWS). It continued to intensify before landfall.
This is my experience of Typhoon Mangkhut. I live in Tseung Kwan O in the New Territories, Hong Kong, some five miles (eight kilometers) east of downtown Hong Kong, and home to around 370,000 residents. Hong Kong, which ranks just above Luxembourg in terms of geographical area, is the fourth-most densely populated region in the world, with a population around 7.5 million. Because of so many people living in a small area, it is full of towers — Hong Kong as a city has the most skyscrapers in the world, with 317 towers taller than 150 meters (490 feet).
My home is also in a high-rise development, part of The Wings complex in Tseung Kwan O, which includes eight towers built around six years ago, with the towers rising to 41 stories. The towers overlook Junk Bay to the south, and is right next to the eastern end of the famous Victoria Harbor between Hong Kong Island and Kowloon.
My experience of Typhoon Mangkhut is similar to many residents — as of course, many of us do live in high-rise towers. The center of Mangkhut passed close by Hong Kong at a weekend, on Sunday, September 16, and on the day of the typhoon, we were acting on the official advice and all staying at home.
Typhoon Trami ravaged the southern coastline of Japan this weekend, only 26 days since Typhoon Jebi made landfall on September 4. Trami first swept through the southwest chain of Nansei Islands, and then skirted along the southern coasts of the islands of Kyushu and Shikoku, eventually making landfall over Wakayama Prefecture in the Kansai Region, during the evening of Sunday, September 30.
The southwest of Japan bore the brunt of Trami, and as of Tuesday, October 2, the Japan Fire and Disaster Management Agency (FDMA) reported a total of 2,494 buildings damaged across 32 prefectures, with 1,749 of the 2,494 damaged buildings reported as “partially damaged”, and 108 buildings “destroyed” or “partially-destroyed”. A further 637 buildings were flooded in the event. At least 195 people across 29 prefectures have been injured, with many hurt by windows shattered in high winds. 750,000 homes across Japan lost power, together with significant disruption to transport. These numbers are expected to rise as damage assessments conclude.
Four hundred miles southwest of the Japanese mainland on Okinawa Island, the largest of the Nansei Islands with a population of 1.3 million, wind gusts reached 126 miles per hour (202 kilometers per hour) at Itokazu locality in Nanjō City. Five or so miles up from Itokazu, winds topped 103 miles per hour (165 kilometers per hour) and gusts exceeded 132 miles per hour (212 kilometers per hour), at the Kadena Air Base.
The earthquake and subsequent tsunami that struck the Indonesian island of Sulawesi on Friday, September 28, has already claimed the sinister accolade of being the deadliest earthquake in the world this year.
According to local authorities, there have so far been 1,374 reported fatalities, but this figure is set to rise as rescue efforts spread out from the main cities. At this stage, thousands of people are believed to still be trapped under the rubble of collapsed buildings, and at least 60,000 people are displaced with limited food and water supplies.
The 7.5 magnitude earthquake struck the island of Sulawesi on Friday, September 28, approximately 48 miles (78 kilometers) north of Palu, a coastal city with around 330,000 residents. The earthquake triggered a ten foot (three meter) high tsunami, that impacted the coastal areas of western Central Sulawesi, including Palu City and Donggala, a regency with a population of around 275,000.
From the small city of Baggao, Cagayan Province in the Philippines, to Hong Kong and further into China — locations across these two countries look to recover after Typhoon Mangkhut (25W). After landfall in Guam on Monday, September 10, Mangkhut — known locally as Ompong in the Philippines, made landfall again at 2 a.m. Saturday local time (18:00 UTC, Friday, September 14) near Baggao, as the equivalent of a Category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale (SSHWS).
Maximum sustained wind speeds at landfall were 133 miles per hour (214 kilometers per hour) according to the Japan Meteorological Agency (JMA). The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) reported similar results to the JMA with maximum sustained wind speeds of 134 miles per hour (215 kilometers per hour), but the Joint Typhoon Warning Center (JTWC) reported 166 miles per hour (268 kilometers per hour), equivalent to a Category 5 major hurricane on the SSHWS.
Super Typhoon Mangkhut (26W) — the twenty-fourth named storm in the western North Pacific this year, was tracking over open ocean around 321 miles (516 kilometers) east-northeast of Manila, Philippines at 0000 UTC Friday, September 14. Mangkhut, named as Ompong in the Philippines using the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) naming system, is the first storm of typhoon strength to impact the Philippines since Typhoon Nock-ten on December 25, 2016, after 2017 proved relatively quiet, typhoon-free year for the country.
With the Philippines currently in the monsoon season (south west monsoon), which brings rain to western parts of the country, Typhoon Mangkhut is enhancing this monsoon system (termed as a “Hanging Habagat” locally) to bring heavier rains to the western side of the Philippines including Palawan, the Visayas, and northern Mindanao. Mangkhut is the strongest storm of the year so far — currently a category 5 equivalent storm (on the Saffir Simpson Hurricane Wind Scale — SSHWS) with 1-minute sustained winds of 166 miles per hour (267 kilometers per hour) as reported by the Joint Typhoon Warning Center (JTWC).
The pace of change continues to accelerate across the insurance industry, whether it is from technology, regulation or market developments, and EXPOSURE magazine helps risk professionals to explore some of the key drivers of these changes.
In this latest edition available for distribution at the Monte Carlo Rendezvous and online, the lead story looks at the recent market activity from Tower Insurance in New Zealand. By adopting high-definition earthquake modeling, Tower gained the confidence to launch risk-based pricing for its customers, providing savings for the majority of policyholders, but increases for others. EXPOSURE looks at the implications of Tower’s actions and how this could affect the New Zealand insurance market.
High resolution modeling has also helped Flood Re in the U.K. to better understand how it can work towards its remit of delivering a flood insurance market based on risk-reflective pricing that is affordable to policyholders. EXPOSURE shows how innovative use of modeling could guide Flood Re when recommending investment measures to protect properties at risk of flooding.
This time last year, we were in the thick of a series of Atlantic hurricanes that caught the world’s attention with images of significant damage and destruction. Fast forward to 2018 and it seems that Japan is bearing the brunt of natural catastrophes this summer, with a series of typhoons, floods, and earthquakes dominating global headlines.
The latest headline maker is Super Typhoon Jebi, the fifth typhoon to impact Japan this year and billed by many media outlets as Japan’s most powerful storm in 25 years. The country’s five typhoons are just one symptom of an overall active Pacific basin, alongside a record-setting pace of tropical development in the northeast Pacific. Some outlets tie this increased Pacific activity to an El Niño phase of the El Niño Southern Oscillation (ENSO), which conversely has repressed Atlantic hurricane activity to date.
Erica Xue, Senior Product Manager – Model Development, RMS
In a country that according to the United Nations, between 1995 and 2015 experienced the largest number of natural disasters globally, and with these losses largely uninsured, China is at the start of a journey to close its protection gap between economic and insured losses — during a sustained period of rapid GDP growth. Examples such as the devastating Sichuan earthquake in 2008 which killed more than 80,000 people and caused US$125 billion in economic losses saw just 0.3 percent of losses covered by insurance. Floods in southern China during the summer of 2016 saw economic losses of US$20 billion, the second costliest event of the year. But again, according to Munich Re, just two per cent was insured.
In a country that is used to the regular rhythm of typhoon seasons, 2017 disrupted the pattern and was a surprisingly quiet year in terms of landfalling typhoons in the Philippines. While 26 named storms formed in the western North Pacific basin, equaling the long-term average, all other tropical cyclone statistics fell below the 1981-2010 average. Only 12 of these named storms developed into typhoons, and just four reached a strength of category 3 or above on the Saffir-Simpson scale. No typhoons made landfall in the Philippines during the year for only the fifth time in recorded history.