PERILS News

Insurance Costs for Windstorm Egon Rise to €234M ($243M): PERILS

The revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, is €234 million ($243 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. The cold …

Initial Insured Loss Estimate for Storm Thomas Is €213M ($222.7M): PERILS

The initial estimate of insured property market losses for extra-tropical cyclone Thomas, which hit the British Isles, the Netherlands, Belgium and Germany on Feb. 23-24, 2017, is €213 million (US$222.7 million), according to PERILS, the independent Zurich-based organization that provides …

PERILS Releases Updated Exposure Database

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released the 2017 update of the PERILS Industry Exposure Database (IED). The updated database is composed of more than 200,000 individual data entries defining property sums insured …

Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS

The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. While the …

PERILS Forms Alliance with CatIQ to Provide Industry Loss Data for Canada

PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data, has announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada via the PERILS Industry Loss …

Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS

PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26 and Oct. 30, 2016. Affecting the regions of Lazio, Marche and Umbria, the series included three major earthquakes with moment …

Insured Losses from Italy’s October Earthquakes Estimated at $33.3M: PERILS

The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. Three major …

PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M

PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …

Cat-Insurance Data Provider PERILS Expands Into Australia

PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed to the perils of bushfire, earthquake, flood, hail, and tropical and extratropical …

PERILS Revises Loss Estimate for UK Floods from Storm Desmond to $861.4M

The insured property loss estimate for floods that hit the UK from Dec. 4 to 24, 2015, following Storm Desmond and other low pressure systems, has been revised to £597 million ($861.4 million), according to PERILS, the independent Zurich-based organization …