PERILS News

Catastrophe Data Company PERILS Expands Coverage to Include European Flood

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has announced the expansion of its market coverage to include exposure and event loss data for European floods. The new service is in addition to PERILS’ windstorm coverage in …

Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS

Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated at €3.739 billion (US$3.8 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The windstorm …

Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover

Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a new division, Nexus Frontier. Frontier is a financial lines MGA structure for Nexus where fronted insurance arrangements will be housed. …

Insured Losses From Eastern Australia Floods Estimated at A$4B: PERILS

Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The PERILS loss estimate for the floods, which inundated Eastern Australia during …

March 2021 Floods in New South Wales, Queensland Cost Insurers A$688M: PERILS

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final industry loss estimate for the New South Wales and Queensland floods, which occurred during the period of March 18-24, 2021. The final estimate …

Insurance Losses for October Storms in Southern Australia Estimated at A$1.03B

The initial industry loss estimates for Southern Australia’s severe storms, which occurred during the period of Oct. 28-30, 2021, are A$1.03 billion (US$739 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. In line with …

Insured Price Tag for Europe Windstorm Hendrik-Ignatz (Aurore) Estimated at €311M

Initial insured losses for extratropical windstorm “Hendrik-Ignatz,” also known as “Aurore,” are estimated at €311 million ($352 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The storm, which affected north-western and central Europe from …

July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021

The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year – at current estimates of US$11.0 billion, according to CRESTA, the insurance industry organization that provides a global standard for …

Catastrophe Data Firm PERILS Launches Real-Time Hailstorm Loss Platform for Australia

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has announced the launch of a new platform providing real-time industry loss estimates for hailstorm events in Australia. In addition, the current Wind-Jeannie loss forecasting platforms for Europe and …

Insured Losses for March’s New South Wales, Queensland Floods Estimated at A$916M

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the New South Wales and Queensland floods, which occurred in March 2021. The second estimate of the insurance market loss is A$916 …