Insured losses from Super Typhoon Nanmadol to be manageable

According to U.S.-based A.M. Best Co. Inc., insured losses from Super Typhoon Nanmadol could be manageable for Japan's nonlife insurers as the strength of the typhoon reduced upon landfall, Asia Insurance Review reported. The Japanese insurers’ comprehensive reinsurance programs, strong capitalization, and recent changes around loss creep, places insurers in good stead to manage the impacts of the storm.