Zurich - 08 Apr 2015
PERILS AG has today disclosed its second loss estimate for windstorm Elon-Felix which affected Western and Northern Europe from 8 to 11 January 2015. Elon-Felix is also known as Dagmar-Egon in Denmark and Sweden, and as Nina in Norway.
The revised estimate of the property insurance market loss is EUR 335 million. This compares to the initial loss estimate of EUR 328 million which was issued by PERILS on 19 February 2015.
In line with the PERILS loss reporting schedule, the third loss estimate for Elon-Felix will be published on 8 July 2015. For subscribers to the PERILS database, the third and any following loss estimates will be provided in full resolution, i.e. by CRESTA zone and by the property sub-lines Residential, Commercial, Industrial and Agricultural.