PERILS AG has today disclosed its second loss estimate of AUD 633m for the hailstorms which affected the greater Sydney region on 20 December 2018. The estimate also includes the losses from the storm activity in southeastern Queensland on 21 and 22 December 2018.
PERILS has today disclosed its initial property loss estimate for the flood event which affected northern Queensland, and in particular the city of Townsville, between 26 January and 10 February 2019.
PERILS AG has today announced that it has taken over responsibility for the ongoing management of the CRESTA Secretariat. The Secretariat was previously managed on a rotational basis by Munich Re and Swiss Re.
The PERILS Industry Exposure & Loss Database is based on data directly collected from insurance companies writing property business in the covered territories. The database provides significant value for its users.
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The PERILS Industry Loss Index Service allows the use of PERILS industry loss estimates as triggers in Insurance Linked Securities (ILS), Industry Loss Warranty contracts (ILW) or insurance risk derivatives.
Read MorePERILS is an organisation carried by the insurance industry aimed at improving the availability of catastrophe insurance market data. PERILS' industry data are based on information exclusively received from insurance companies writing business in the territories covered by PERILS.
