Series of typhoons in Japan and two direct hits in the USA
Summary of the 2018 tropical cyclone season
Following the record hurricane losses of 2017, tropical cyclones once again caused billions of dollars in damage across the globe in 2018. The most notable aspects of the 2018 tropical cyclone seasons across the northern hemisphere were the high number of typhoons that hit Japan and the two direct hurricane strikes on the US mainland. Of particular interest, especially for insurers, was the strong influence of natural climate oscillations on storm activity. Although the overall losses of around US$ 51bn were well below last year’s figure of US$ 220bn, they were still substantially above the long-term average of US$ 34bn (adjusted for increases in values). Global insured losses are estimated at around US$ 25bn, about a third of the 2017 figure but still twice the average (US$ 12bn).