Negotiations continue between the victims’ families, Boeing and its insurers.
Commercial property insurance lines have improved their loss ratios by as much as 18 points using the technology, according to a Sigma report.
The airline has experienced at least one IT failure or cyber security incident a year since 2016.
The 2017 and 2018 wildfires have led to double-digit rate rises, reduced capacity and a more cautious attitude from reinsurers.
The local insurance association said two-thirds of claims were for property damage.
The carrier also saw some adverse reserve development from a May weather event.
Insured losses from catastrophes fell from $26bn last year.
The typhoon struck south east China as the equivalent of a Category 3 hurricane.
The service provider’s new A$1.2bn loss estimate is in line with figures from the Insurance Council of Australia.
The international operations, which include TMHCC and Tokio Marine Kiln, drove group earnings growth of 11 percent in the three months ended June.
Reserve strengthening for prior-year catastrophes lifts the overall loss ratio, while specialty line earnings improve.
More than half of attorneys surveyed by the carrier said litigation finance has prolonged the time it takes to settle losses.
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