The heaviest economic impact was recorded in the Sitaro Islands, North Sulawesi, where flash floods destroyed dozens of homes and damaged infrastructure.
The funding will be split between immediate humanitarian assistance and longer-term recovery and resilience initiatives across Indonesia, Thailand, and Sri Lanka.
The loss figure covers property and motor hull lines of business, in line with the PERILS coverage definition for Australia and based on data collected from affected insurers.
At least 30 people were injured, some 2,700 homes in Aomori were without power, and numerous fire incidents were recorded, according to reports from local media.
