Catastrophe modeler AIR Worldwide estimates insured losses from Typhoon Haiyan at between $300 million and $700 million.
The estimate differs from that of rival modeler Eqecat, who said insured losses from the typhoon are likely not to exceed $100 million.
AIR says its estimate reflects physical damage to property and contents; the modeler's assumed take-up rates for insurance in the affected areas; and current industry exposure.
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