European windstorm property insurance stagnates at €54 trillion

European windstorm insured property, the biggest exposure in the industry database, has remained roughly unchanged during the 2017 January 1 renewals at around €54 trillion, according to natural catastrophe data provider PERILS.

Compared to 1 January 2016, the overall European windstorm sums insured decreased by -0.4 percent (+2.3 percent at constant FX rates). Year-on-year variations in Australia, Italy and Turkey ranged from +2 percent to +24 percent.

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