Loss Announcement:

PERILS discloses fourth and final loss estimate for extratropical cyclone Egon of EUR 275m

Zurich - 12 Jan 2018

PERILS AG has today disclosed its fourth and final loss estimate for windstorm Egon which primarily affected France and Germany on 12 and 13 January 2017. 

The revised estimate of the property insurance market loss is EUR 275 million. This compares to the third loss estimate of EUR 275 million which was issued by PERILS on 12 July 2017. Movements in the loss figures at the individual country level offset each other and the overall figure for Europe remained unchanged. 

For subscribers to the PERILS database, the market loss data are again available per CRESTA zone and per property line of business. This loss footprint information is complemented by gust speed data and loss ratios.