A Tropical Cyclone is an intense tropical storm characterised by violent winds, dangerous storm surge, torrential rain and flooding. A typhoon is a mature tropical cyclone that develops between 180° and 100°E in the Northern Hemisphere.
These extreme weather events can be highly destructive, causing severe damage to buildings and property, interrupting business activities and endangering lives.
According to data published by the Insurance Journal, Typhoon Mangkhut (2018) has resulted in an estimated insured loss at USD 1-2 billion. Typhoon Hato (2017) has resulted in an estimated insured loss at USD 250 million.
Fortunately, advances in technology and weather tracking have made it easier to detect these storms before they make landfall.
Proper preparation can help to dramatically reduce damage and avoid the loss of life.
Here are Chubb’s top 10 tips to help you prepare for the typhoon season (from May to September each year).
For further advice on typhoon preparation and safety procedures, we recommend reading this document issued by the Hong Kong Housing Authority: https://www.housingauthority.gov.hk/mini-site/site-safety/common/resources/alerts/2018/SH-2018-38e.pdf
Chubb also has a team of dedicated risk engineers who can assist you in preparing for the cyclone season.
For more information, please contact email@example.com
© 2022 Chubb. All rights reserved.
No part of this article may be reproduced in any written, electronic, recording, or printed form without written permission of Chubb.
Disclaimer - All contents of this article are intended for general information/guidance purposes only and not intended to be an offer or solicitation of insurance products or personal advice or a recommendation to any individual or business of any product or service. This article should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents. You should read the policy documents to determine whether any of the insurance product(s) discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories.
Contact us to find out how we can help you get covered against potential risks