News Non-Life08 Jan 2021

Hong Kong:HKFI paper estimates Mangkhut caused direct economic loss of US$593m

| 08 Jan 2021

The direct economic loss caused by Super Typhoon Mangkhut when it lashed Hong Kong in September 2018 is estimated at about HK$4.60bn ($593m), which is about 3.8 times that of Super Typhoon Hato in 2017, according to an academic paper produced for the first time by the Hong Kong Federation of Insurers (HKFI) and Hong Kong Observatory (HKO).

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