Loss Announcement:

PERILS releases final industry loss footprint for the 2023 New Zealand North Island Floods at NZD 2,230m

Zurich - 02 Feb 2024

PERILS has today released its fourth and final loss estimate for the New Zealand North Island Floods, which occurred during the period of 27 January to 2 February 2023.

In its fourth and final loss report, provided in the form of a detailed industry loss footprint, PERILS estimates that the event has cost the insurance industry a total of NZD 2,230 million. This industry loss figure is based on detailed loss data collected from affected insurers.