Zurich - 15 Dec 2012
PERILS AG has today disclosed its fourth and final loss estimate for Windstorm Joachim which occurred from 15 – 17 December 2011 and affected mainly France, Germany and Switzerland.
The fourth and final loss estimate of the property insurance market loss for Joachim is EUR 252 million. This compares to the third loss estimate of EUR 285 million, which was issued by PERILS on 15 June 2012.
In line with the PERILS loss reporting schedule, this final loss estimate is being published 12 months after the event occurred.
For subscribers to the PERILS Database, this loss estimate is provided under the «Industry Loss» section and is again available in full resolution, i.e. by CRESTA zone and by the property sub-lines Residential, Commercial, Industrial and Agricultural.