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by : Alpha Insurance Analysts

Typhoon Haiyan, widely reported as being the most powerful recorded windstorm ever to make landfall, hit the Philippines late last week. The headlines reported wind speeds up to 195 mph, storm surges of six meters, and 10,000 people dead. A clearer picture of the impact of this category five ‘super typhoon’ is now emerging as the relief effort makes progress and figures seem to have been revised closer to 2,000 people dead. In spite of the scale of the physical devastation and massive loss of life, insured losses are expected to be relatively modest. There may be small marine losses or some incidental Japanese Interests Abroad losses, but the storm struck the archipelago well south of the capital Manila and its industrial environs.