2 July 2018Insurance

Loss estimate for cyclone Eleanor increases

The  loss estimate for extratropical cyclone Burglind, also known as Eleanor, was lifted to €724 million by insurance data provider PERILS.

On April 3, 2018, PERILS had estimated the losses at €680 million. PERILS’ loss evaluations are based on actual loss data collected from affected insurance companies.

The cyclone caused significant damage across Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland, and the United Kingdom between Jan. 2 and 3, 2018.

Burglind affected a particularly vast area, extending from the British Isles into Western Europe. The majority of the incurred insurance losses were reported in France, Germany, and Switzerland. In Switzerland in particular, Burglind was an exceptional storm, generating insured loss levels that have not been recorded since windstorm Lothar in 1999.

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More on this story

13 February 2018   Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS.
3 January 2019   Extratropical Cyclone Burglind, also known as Eleanor, which hit the UK and Europe in January 2018, will cost insurers some €756 million, according to insurance data company PERILS’ final loss estimate.