Reinsurance News
PERILS AG
PERILS updates Townsville flood loss estimate to AUD $1.04bn
10th May 2019
Catastrophe loss data aggregator PERILS has updated its insured loss estimate to AUD $1.041 billion (USD $728.28 million) for the floods that hit the Australian city of Townsville, Queensland in February 2019. The update compares with PERILS’ initial loss estimate of AUD $957 million (USD $669 million), which was issued ... Read the full article
PERILS estimates Cyclone Dragi-Eberhard industry losses at €740mn
18th April 2019
Catastrophe loss data aggregator PERILS has released its initial industry loss estimate for Extratropical Cyclone Dragi-Eberhard, which puts insured property losses at €740 million. Dragi-Eberhard consisted of two low pressure systems that affected areas of the British Isles, and Western and Central Europe on 9 and 10 March 2019. Given the storms ... Read the full article
European windstorm biggest exposure in PERILS’ updated IED
4th April 2019
Catastrophe data loss aggregation and estimation firm, PERILS AG, has released the 2019 update of its Industry Exposure Database (IED), showing that for the second consecutive year the biggest exposure in the database is European windstorm. PERILS explains that the updated country IEDs for 2019 have once again been produced from ... Read the full article
Initial property loss estimate for Sydney hailstorms pegged at AU$635mn by PERILS
31st January 2019
Catastrophe loss data aggregator PERILS has provided an initial property loss estimate of AU$635 million (US$462mn) for the December 2018 Sydney hailstorms and severe convective weather that impacted the greater Sydney region. This initial estimate covers the insured property market loss for the hailstorms that hit the greater Sydney region on ... Read the full article
PERILS finalises storm Friederike industry loss at €1.672bn
17th January 2019
Catastrophe loss data aggregator PERILS has released its final re/insured loss estimate for Extratropical Cyclone Friederike, also known as David, putting the total at €1.672 billion (US $1.91 billion). In keeping with PERILS’ reporting schedule, the final loss figure was released 12 months after the original event, and represents a slim ... Read the full article
PERILS finalises storm Burglind (Eleanor) industry loss estimate at €756mn
3rd January 2019
Catastrophe loss data aggregator PERILS has released its final re/insured loss estimate for Extratropical Cyclone Burglind, also known as Eleanor, putting the total at €756 million (US $860 million). In keeping with PERILS’ reporting schedule, the final loss figure was released 12 months after the original event, and represents a 4.4% ... Read the full article
PERILS rolls out Wind-Jeannie platform in Australia, updates Europe model
22nd October 2018
Catastrophe data loss aggregation and estimation firm PERILS has announced the launch of Wind-Jeannie Australia, and has updated the underlying loss model for its European forecasting platform with new data. First launched in 2015, Wind-Jeannie is a website that provides real-time loss forecasts for approaching windstorms, and aims to help re/insurers ... Read the full article
PERILS reveals €324m final loss estimate for cyclone Xavier
5th October 2018
Catastrophe data loss aggregation and estimation firm PERILS has released its final loss estimate for extratropical cyclone Xavier, which primarily affected Germany on October 5, 2017. PERILS’ estimate of the insured property market loss for the cyclone, based on loss data collected from affected insurers, is €324 million. This compares to the ... Read the full article
PERILS to assume management of CRESTA Secretariat
10th September 2018
Zurich-based catastrophe loss data aggregator PERILS has announced that it has taken over responsibility for the ongoing management of the CRESTA Secretariat, the global standard for managing natural perils insurance data. Established by the insurance and reinsurance industry in 1977 as an independent body, the Secretariat has previously been managed on ... Read the full article
PERILS increases storm Burglind (Eleanor) industry loss estimate to $840mn
3rd July 2018
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 ... Read the full article
CatIQ partners with PERILS to launch Canada’s first insurance IED
27th June 2018
Catastrophe Indices & Quantification Inc. (CatIQ) has announced the launch of Canada's first ever insurance Industry Exposure Database (IED), which was developed in partnership with PERILS AG and the support of the Canadian property and casualty (P&C) sector. CatIQ explains that the new IED includes 2016 and 2017 year-end estimates of ... Read the full article
PERILS increases windstorm Friederike loss estimate to €1.629bn
17th April 2018
PERILS AG has revealed its second loss estimate for European windstorm Friederike, placing damages at €1.629 billion (approximately US $2.0 billion), a slight increase from its original estimate of €1.465 billion ($1.8 billion). Windstorm Friederike, also known as David, caused significant damage as it swept through the British Isles, Belgium, ... Read the full article
PERILS’ updated IEDs show European windstorm as the biggest exposure
13th April 2018
Catastrophe data loss aggregation and estimation firm, PERILS AG, has released the 2018 update of the PERILS Industry Exposure Database (IED), which shows that the biggest exposure in the industry database is European windstorm. PERILS explains that the updated country IEDs for 2018 have once again been produced from scratch, and ... Read the full article
PERILS disclose final loss estimate of €272m for Cyclone Zeus
6th March 2018
Catastrophe data loss aggregation and estimation firm, PERILS AG, has revised its estimates to €272 million for the total cost of re/insurance claims incurred by European windstorm (extratropical cyclone) Zeus, which struck France in March 2017. This figure is the fourth and final estimate by the Zurich-based organisation, and is slightly ... Read the full article
PERILS puts storm Burglind (Eleanor) industry loss at €643mn
13th February 2018
Catastrophe loss data aggregator, PERILS AG, has provided an initial insured property loss estimate for Extratropical Cyclone Burglind, also known as Eleanor, of €643 million (US$781mn). The storm struck between the 2nd and 3rd of January, 2018, and caused significant ... Read the full article
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