PERILS aims to improve the availability of insurance market data relating to natural catastrophes to help enhance the industry’s understanding of such risks as well as to facilitate risk transfer based on industry loss indices.
PERILS' industry data are based on information exclusively received from insurance companies writing business in the territories covered by PERILS. The data provided are quality controlled, anonymized, aggregated, and subsequently extrapolated to industry (or market) level. The resulting industry benchmark data are available to all interested parties via a subscription service.
PERILS offers industry exposure and event loss data and an associated industry loss index service for natural catastrophes in Australia, Canada, Europe, New Zealand and Turkey. The Canadian data are produced by the PERILS subsidiary CatIQ. PERILS offers industry exposure data for Indonesia, Philippines and Thailand. PERILS intends to offer event loss data and loss reporting service for Indonesia, Philippines and Thailand in future subject to gaining sufficient primary industry support.
PERILS AG was incorporated in January 2009 in Zurich, Switzerland as a joint stock company. The company registration number is CH-020.3.033.447-4. The principal office of PERILS is located in Zurich, Canton of Zurich, Switzerland. The original concept for PERILS was tabled during a series of discussions at the Chief Risk Officer Forum (www.thecroforum.org).
Shareholders of PERILS AG include: Allianz SE, AXA, Assicurazioni Generali, Groupama, Guy Carpenter, Insurance Australia Group, Munich Re, Partner Re, Swiss Re, and Zurich Insurance Group. Each shareholder holds equal equity.
In June 2019, PERILS acquired the Canadian loss and exposure aggregation firm Catastrophe Indices & Quantification Inc. (CatIQ), having an office in Toronto, Canada.