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PERILS hikes Australian flood estimate 23% on inflation & claims snags

Asia Pacific, Australia09-06-2022Insurance News, Reinsurance News

Three-week extended flooding now seen rendering A$4.9bn in damage.

Insured losses from Australian floods pegged at ~A$4bn

Australia19-04-2022Insurance News, Reinsurance News

The event is the largest flood loss on record for the Australian insurance industry.

Re/insurance losses from European windstorm cluster highest since 2007: Perils

Europe, UK31-03-2022Insurance News, Property cat, Reinsurance News

Clustering phenomena not uncommon but poses a major challenge for the insurance sector.

PERILS unveils its loss estimates for windstorm Nadia

Europe14-03-2022Insurance News, Reinsurance News

The storm affected Scotland, Northern Europe and Germany.

Australian re/insurers to foot nearly A$1bn bill for severe October storms

Australia31-01-2022Insurance News, Reinsurance News

Loss aggregator PERILS has disclosed its second industry loss estimate for the Southern Australia storms in 2021.

Losses from Europe windstorms Arwen and Barra will be below €200m

Europe23-12-2021Insurance News, Reinsurance News

Had the storms struck continental Europe losses would have been considerably higher.

Tropical cyclone Seroja insured losses reach A$394m

Asia Pacific, Australia12-10-2021Insurance News, Reinsurance News

PERILS says Seroja serves as a warning that devastating tropical cyclones can happen in remote regions as well.

Perils unveils insured loss estimate for NSW, Queensland floods

Australia24-06-2021Insurance News, Reinsurance News

The estimate is based on loss data collected from the majority of the Australian insurance market.

PERILS releases industry loss estimate for March 2021 Australia floods

Australia07-05-2021Insurance News, Reinsurance News

The industry ‘still faces challenges’ in offering sustainable and affordable flood risk protection in Australia.

PERILS discloses industry loss estimate for April 2020 Central Queensland Hailstorms

Australia19-04-2021Insurance News, Reinsurance News

Unusually, motor losses contributed only 4% of the total industry loss.

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