JBA Risk Management has launched an enhanced version of its India crop catastrophe model, expanding coverage and validation to better reflect the realities of India’s crop insurance market.
Successive severe tropical storms in the Philippines resulted in approximately US$195m in economic damages, while flooding in China reached about US$2m in insured losses.
Typhoon caused deaths, injuries, and widespread damage in Taiwan and China, with insured losses expected across agriculture, infrastructure, and motor lines.
