Reinsurance News
PERILS AG
PERILS releases third industry loss estimate for 2020 Queensland Hailstorms
4th May 2021
Zurich-based catastrophe insurance data provider PERILS is now anticipating a AU$1.173 billion industry hit from last October’s South East Queensland Hailstorms. During the afternoon of 31 October, severe thunderstorms impacted South East Queensland, including the surrounding areas of Brisbane, the Gold Coast and the Sunshine Coast. The corridor from Amberley through ... Read the full article
PERILS settles on AU $839m industry loss from Queensland hailstorm
19th April 2021
Catastrophe insurance data provider PERILS has settled on a fourth and final industry loss estimate of AU $839 million (US $653 million) for the April 2020 Central Queensland Hailstorms. This represents a significant increase on PERILS’ previous loss estimate of $604 million, which was issued in October 2020, six months ... Read the full article
PERILS finalises storm Victoria (Dennis) loss at €350m
18th February 2021
Catastrophe insurance data provider PERILS has released its fourth and final industry loss estimate for storm Victoria, also known as storm Dennis, settling on a figure of €350 million. This represents a slight upward revision on the previous €344 million estimate that PERILS released back in August 2020. Storm Victoria affected ... Read the full article
PERILS settles on AU $989mn loss for Australian East Coast Low
15th February 2021
Catastrophe insurance data provider PERILS has settled on a final industry loss estimate of AU $989 million (US $769 million) for the East Coast Low that hit Australia in February 2020. This fourth update, which comes a full 12 months on from the event, is slightly above the previous $954 ... Read the full article
Jan 2020 Australian hailstorm industry loss raised to AUD 1.9bn by PERILS
21st January 2021
PERILS, the catastrophe loss data aggregator, has reported an increased final industry loss estimate for the January 2020 Australian hailstorms of AUD 1.887 billion (USD 1.5bn), which represents an increase of roughly 4% from the previous estimate in July of last year. The unusual hail event struck the states of Victoria, ... Read the full article
October Queensland hailstorms to drive AUD 1.2bn industry loss: PERILS
11th December 2020
Catastrophe insurance data provider PERILS has estimated that the South East Queensland hailstorms that occurred on October 31, 2020, will drive industry losses in the region of AUD 1.23 billion (USD 930 million). PERILS’ initial estimate of the insured property and motor market loss is based on data collected from the ... Read the full article
PERILS estimates Queensland April hail loss at AU $604mn
19th October 2020
Catastrophe insurance data provider PERILS has estimated that the April 2020 Central Queensland hailstorms will cost the re/insurance industry approximately AU $604 million (US $430 million). Six months on from the event, this is PERILS’ first estimate, given that insured losses were not initially expected to exceed the firm’s loss reporting ... Read the full article
PERILS puts insured property loss for Feb UK floods at £375m
1st September 2020
Zurich-based insurance data company, PERILS, has released an updated industry loss footprint for the floods in the United Kingdom in February 2020. The floods mainly affected Wales, the Midlands and Yorkshire from 9 to 29 February 2020. In total, an estimated 4,800 properties were flooded, although many more buildings were successfully ... Read the full article
PERILS raises storm Victoria (Dennis) industry loss to €344mn
17th August 2020
Catastrophe loss data aggregator, PERILS AG, has updated its insured property market loss estimate for extratropical cyclone Victoria (Dennis) by more than 20% to €344 million. The storm impacted the British Isles and north-western Europe from 15th to 17th February, 2020 and occurred just six days after extratropical cyclone Sabine. PERILS ... Read the full article
PERILS raises Australian East Coast Low loss to AU $954mn
14th August 2020
Catastrophe insurance data provider PERILS has raised its industry loss estimate for the East Coast Low that hit Australia in February 2020 to AU $954 million (US $683 million). This updated estimate, which comes six months on from the event, is significantly higher than PERILS’ initial loss estimate of $794 million. The ... Read the full article
PERILS raises loss estimate for Australian hailstorms to AU $1.8bn
21st July 2020
Catastrophe loss data aggregator PERILS has released its industry loss footprint for the January 2020 Australian hailstorms, putting the total insured cost at AU $1.811 billion (US $1.28 billion). Notably, this figure is almost three times higher than the AU $670 million (US $473 million) loss estimate put out by ... Read the full article
PERILS updates industry exposure database for 2020
7th May 2020
Catastrophe insurance data provider PERILS has announced the release of an updated version of its industry exposure database. The PERILS Industry Exposure Database 2020 (IED) contains up-to-date information about property sums insured and the number of risks exposed to natural perils across a range of countries. For the first time, the database ... Read the full article
PERILS pegs insured loss from Febuary’s UK floods at £297mn
3rd April 2020
Catastrophe insurance data provider PERILS has estimated the insured loss from the UK floods in February 2020 at £297 million. The February 2020 Floods were the result of record-breaking rainfall on saturated grounds which led to extensive river flooding. Heavy rainfall was mainly associated with the three named storms of Ciara, Dennis ... Read the full article
PERILS places initial Australian east coast low loss at AU$794mn
31st March 2020
Catastrophe insurance data provider PERILS has released a AU$794 million loss estimate for the Australian East Coast Low event which occurred between February 5 and February 13 and impacted the eastern states of New South Wale and Queensland. The third largest industry loss from an East Coast Low event in the ... Read the full article
PERILS pegs industry loss from storm Victoria (Dennis) at €286mn
31st March 2020
Catastrophe loss data aggregator PERILS has released a €286 million initial loss estimate for extratropical cyclone Victoria (also known as Dennis), which affected the British Isles and north-western Europe from 15 to 17 February 2020. It occurred only six days after extratropical cyclone Sabine (Ciara, Elsa) which PERILS has since ... Read the full article
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