Reinsurance News
PERILS AG
PERILS places insured losses from southern Germany floods at €1.6bn
18th July 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed an initial industry loss estimate of €1.568 billion (USD 1.74 billion) for the floods in southern Germany from 31st May to 6th June 2024. The estimate provided by PERILS is based on loss data collected from affected insurers, and in line with its ... Read the full article
PERILS raises industry loss for 2023 Australia Christmas storms to AU$1.6bn
1st July 2024
Zurich-based catastrophe insurance data provider PERILS AG, has provided a third update on the insured loss estimate for the Australia Christmas storms which impacted the states of Victoria, New South Wales, and Queensland during the period of 23 to 29 December 2023, lifting the figure to AU$1.563 billion (US$1.04 billion). Read the full article
PERILS places final industry loss estimate for Emilia-Romagna floods at €495m
22nd May 2024
Zurich-based catastrophe insurance data provider PERILS AG has released its final insurance market loss estimate for the floods in the Emilia-Romagna region of Italy during May 2023, lowering the figure slightly to €495 million. This final figure compares to PERILS’ most recent loss estimates of €509 million, which was released ... Read the full article
PERILS ups industry loss estimate for Windstorm Ciarán to €2.04bn
3rd May 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its third industry loss estimate for Extratropical Windstorm “Ciarán”, increasing the figure to €2.04 billion. The windstorm, also known as “Emir”, affected France, the United Kingdom, Belgium, and the Netherlands from 1st-2nd November 2023. This new estimate compares to the €1.94 billion figure ... Read the full article
PERILS raises industry loss estimate for Babet-Aline floods and storms to €691m
22nd April 2024
PERILS, the Zurich-based catastrophe insurance data provider, has disclosed its third industry loss estimate for the floods and storms caused by low-pressure systems Babet (Viktor) and Aline (Wolfgang) over the British Isles and northwestern Europe in October 2023, increasing it to €691 million. PERILS’ previous loss estimates was €683 million, ... Read the full article
PERILS IED 2024 underlines continued effect of inflation on insurance industry
12th April 2024
Zurich-based catastrophe insurance data provider PERILS AG has released its Industry Exposure Database (IED) for 2024, highlighting the continued impact of inflationary developments, with exposure growth at 11.7% year-on-year in USD terms across all markets. This new instalment of the PERILS IED 2024 includes detailed sums insured exposed to natural perils ... Read the full article
PERILS raises industry loss for Australia Christmas storms to AU$1.55bn
3rd April 2024
Zurich-based catastrophe insurance data provider PERILS AG has provided a second update on the insured loss estimate for the Australia Christmas Storms, which affected the states of Victoria, New South Wales, and Queensland, lifting the figure by 11% to AU$1.547 billion (USD 1bn). In February, PERILS disclosed its initial industry ... Read the full article
PERILS estimates final industry loss of NZ $2.174bn from Cyclone Gabrielle
19th February 2024
PERILS, the independent Zurich-domiciled catastrophe insurance data provider, has disclosed its fourth and final insurance industry loss estimate for Cyclone Gabrielle of NZ $2.174 billion. Cyclone Gabrielle impacted the North Island of New Zealand during the period of 11-17th February 2023. The final estimate compares to the third loss estimate of ... Read the full article
PERILS estimates AU$1.4bn industry loss for Australia Christmas storms
14th February 2024
Zurich-based catastrophe insurance data provider PERILS AG has disclosed its initial industry loss estimate for the Australia Christmas storms which affected the states of Victoria, New South Wales, and Queensland, pegging the total at AU$1.395 billion ($903 million). PERILS noted that this initial estimate is based on loss data collected from ... Read the full article
PERILS and CyberAcuView’s US Cyber Industry Loss Index gains traction
12th February 2024
PERILS, the Zurich-domiciled catastrophe insurance data provider and CyberAcuView, an independent US-domiciled cyber insurance data provider, have announced the use of their US Cyber Industry Loss Index in the first cyber insurance risk transactions. The Index is used to produce an index value to determine the payouts of the protection under ... Read the full article
PERILS raises Turkey earthquakes insured loss estimate to $6.2bn
6th February 2024
Zurich-based catastrophe insurance data provider PERILS AG has updated its insured property market loss estimate for the Kahramanmaras Earthquake Sequence to TRY 117.0 billion, which is approximately $6.2 billion at February 2023 exchange rates. This new loss figure compares to the previous PERILS estimates of TRY 92.8 billion in August ... Read the full article
PERILS ups industry loss estimate for windstorm Ciarán to €1.94 billion
5th February 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for extratropical windstorm “Ciarán”, also known as “Emir”, upping the figure to €1,937 million. This updated estimate is based on claims data collected from affected insurance companies in France, Belgium, the United Kingdom, and the Netherlands, and Read the full article
PERILS final estimate for New Zealand North Island flood insured loss at NZ $2.23bn
2nd February 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its fourth and final insurance market loss estimate for the severe flooding that impacted the North Island of New Zealand in late January 2023, pegging the total at NZ $2.23 billion. The latest figure compares to the third loss estimate of NZ ... Read the full article
PERILS ups industry loss estimate for Babet-Aline floods and storms to €683m
22nd January 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the floods and storms caused by Babet (Viktor) and Aline (Wolfgang) over the British Isles and northwestern Europe in October 2023, increasing the figure to €683 million. This compares to an initial loss estimate of 509 ... Read the full article
PERILS releases initial industry loss estimate of €1.9bn from storm Ciarán
15th December 2023
Zurich-domiciled catastrophe insurance data provider, PERILS, has disclosed an initial industry loss estimate for extratropical windstorm Ciarán, also known as Emir of €1.889 billion. The storm affected France, Belgium, the United Kingdom, and the Netherlands from the 1st-2nd November 2023, with damaging wind gusts. The resulting industry losses were typical for ... Read the full article
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