Northwest Pacific typhoon activity expected to be 20% below normal

U.K.-based Tropical Storm Risks, which maps global tropical storm activity, predicts that this year’s Northwest Pacific typhoon activity would be roughly 20% below the 1991-2020 period norm, as the effects of La Nina are expected to last through summer and into fall, Artemis reported. The Northwest Pacific typhoon season covers potential storms in Japan, mainland China, Hong Kong, Taiwan, South Korea, and the Philippines, and affects the insurance, reinsurance and catastrophe bond and other insurance-linked securities arrangements in these regions.