Insured Loss Estimate for European Storm Dragi-Eberhard Rises to €798M ($898.1M)

PERILS AG has disclosed its second loss estimate of €798 million ($898.1 million) for windstorm Dragi-Eberhard. This estimate compares to the initial loss estimate of €740 million ($832.9 million) which was issued by PERILS on April 18, 2019.

Storm Dragi-Eberhard hit the British Isles, and Western and Central Europe on March 9-10, 2019. The majority of the losses occurred in Belgium, France and Germany, said PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data.

The third estimate of the market loss for Dragi-Eberhard will be made available on Sept. 9, 2019, six months after the event. The loss information in this and any subsequent reports will be provided by CRESTA Zone and property lines of business.

Subscribers to the PERILS Industry Exposure & Loss Database can find more information about Dragi-Eberhard in the PERILS Portal under “Industry Loss.”

Source: PERILS

Related:

Europe’s Storm Dragi-Eberhard Costs Insurers Estimated €740M ($831.8M): PERILS

Topics Trends Profit Loss Europe Windstorm