PIER™

Event Advisory
Cyclone Michaung (Dec 2023)

As Asia’s leading NAT CAT risk management consultancy, RMSI has a mission of promoting adoption of better risk management practices within the Indian insurance industry.RMSI has developed high resolution Localized Nat Cat Models for India for Earthquake (India EarthquakeRisk™), Flood (India FloodRisk™ and Cyclone (India CycloneRisk™). To help the industry better understand NAT CAT events and their impact, RMSI has been releasing complimentary advisories to the industry since 2013. These advisories provide hazard and loss assessment and associated maps at the time of such events.

Event Description

RMSI has been tracking the formation and the progress of Cyclone Michaung since 28th November 2023. In our last advisory dated 4th December 2023, we mentioned that severe cyclonic storm Michaung was moving towards the coast of Andhra Pradesh at a speed of 10 kmph
The IMD Bulletin issued on 5th December, 2023 at 1000 hrs. IST, Michaung has moved northwards from South Andhra Pradesh Coast with a speed of 12 kmph.It has made landfall close to Bapatla as a severe cyclonic storm with a maximum sustained wind speed 90-100 kmph
RMSI conducted an economic impact analysis on different sectors within the affected regions and it is expected the loss of the event, as of today is INR 4,400 crore. The increase in estimated economic loss from yesterday is mainly due to flooding in Andhra Pradesh. In Tamil Nadu, Chennai had experienced peak flooding yesterday and is slowly witnessing receding water levels. The sector wise impact is as under

Cyclone Michaung (Dec 2023)

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Recent Event Advisory (Cyclone Michaung)

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Observed and forecasted Track along with modelled wind speed

Expected flooding by Cyclone Michaung in Chennai

Pincodes likely to be impacted by winds due to Cyclone Michaung