Strong winds and flooding expected to cause big damage
Typhoon Meranti, which is racing towards China, is forecast to cause medium to high insurance losses, according to Aon Benfield.
The reinsurance broker’s forecasting unit says the 180mph winds will batter the mainland causing damage, in addition to flooding from torrential rain.
The typhoon narrowly avoided Taiwan but is set to strike Zhangpu County, Fujian Province tomorrow.
Insurance coverage is held by local insurers and the government. Reinsurance losses are likely to be limited.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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