Zurich - 27 Feb 2026
PERILS has today disclosed its second industry loss estimate for the severe convective storms which affected South-East Queensland and New South Wales with exceptionally large hail, strong winds and heavy rainfall from 21 to 27 November 2025.
The second estimate, which provides a snapshot of the insurance market three months post-event, is AUD 2,950 million. This industry loss figure is based on loss data collected from affected insurers and covers property and motor claims.