Loss Announcement:

PERILS discloses third loss estimate for windstorm «Elon-Felix» of EUR 328m

Zurich - 08 Jul 2015

PERILS AG has today disclosed its third 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 328 million. This compares to the second loss estimate of EUR 335 million which was issued by PERILS on 8 April 2015.

For subscribers to the PERILS database and in line with the company’s reporting process, the market loss data in this third loss report are available at a higher level of granularity, with losses per CRESTA zone (two-digit postcode level) and per property line of business. In combination with gust speed data and PERILS market sums insured, the Elon-Felix loss footprint may serve as a benchmark to validate European wind risk models with actual data.

In line with the PERILS loss reporting schedule, the fourth loss estimate for Elon-Felix will be published on 8 January 2016.