Zurich - 06 Jun 2025
PERILS has today disclosed its fourth and final industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024.
In its final loss report, provided in the form of an industry loss footprint at CRESTA zone resolution, PERILS estimates that the event has cost the insurance industry a total of EUR 1,564 million. This figure covers the property line of business and is based on detailed loss data collected from affected insurers which are subsequently grossed-up to 100% market (“PERILS CORE”).