PERILS News

Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS

The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61 billion (US$1.9 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Cyclone Sabine hit the …

January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS

The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The figure is based on …

PERILS Releases Industry Exposure Database 2020, Now Including Australia Motor

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released its Industry Exposure Database 2020. The database contains up-to-date information about property sums insured and the number of risks exposed to natural perils in Australia, Austria, …

Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS

Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. These floods mainly affected northern England, Wales, and …

Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M

Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of New South Wales and Queensland between Feb. 5-13, 2020, is estimated at A$794 million (US$488.3 million), according to PERILS, the …

Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS

The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million (US$318.4 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event affected the British …

Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS

The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The event hit the British Isles, and Western …

PERILS to Include Australian Motor in Industry Catastrophe Exposure Update

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it will extend its line of business reporting to include Australian motor for personal and commercial lines. PERILS will include Australian motor as part of its industry exposure …

Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782 million (US$882.9 million) for Europe’s Extratropical Cyclone “Dragi-Eberhard.” This compares to the previous PERILS’ loss estimate issued on Sept. 9, …

Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS

The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storms occurred Jan. 19-21, 2020 and affected the Australian …