Catastrophe loss data aggregator PERILS has reported its third loss estimate for Extratropical Cyclone Burglind, also known as Eleanor, at €724 million (US$840mn).
The weather event hit between January 2nd and 3rd 2018, inflicting significant damage across Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland, and the United Kingdom.
Gusts exceeded 160km/h in Switzerland, France and Germany, where most of the insurance industry losses occurred.
PERILS’ initial insured property market loss estimate was placed at €643 million (US$781mn), before increasing to €680 million (US$788mn) when a second was issued on April 3rd, 2018.
The firm states that a final update to the industry loss estimate will be released a year from the date of the windstorm.
PERILS is an independent Zurich-based organisation and its loss evaluations are based on actual loss data collected from affected insurance companies.
