Access Restrictions

The information contained on this website (the “Site”) is not for use within
any country or jurisdiction or by any persons where such use would con-
stitute a violation of law. If this applies to you, you are not authorized to
access or use any of the information on this Site.

Terms of Use

Please read these terms and conditions (the “Terms of Use”) carefully as they apply to your access and/or use of this Site. By accessing this Site and any pages thereof, you acknowledge your agreement with and your understanding of these Terms of Use. If you do not agree to these Terms of Use or any of them, please do not access or use this Site. These Terms of Use are subject to change at any time. By accessing or using this Site you do so on your own initiative and are solely responsible for compliance with all applicable local laws and regulations.

This Site is owned and operated by PERILS AG (“PERILS”), a company incorporated in Switzerland.

Swiss law governs this Site and these Terms of Use (see §9 below).

PERILS Licenses

Perils provides to Licensees, for the purposes of commercial transactions
such as Insurance Linked Securities (ILS), Industry Loss Warranty contracts
(ILW) or insurance risk derivatives, personal, non-exclusive, non-transferable, limited licenses, without the right to grant sub-licenses, to use certain Licensed Property exclusively for the purposes of and in connection with specific Transactions for which a or some Terms Sheet has or have been entered into (a “License”). The use of PERILS exposure and loss data other than in conjunction with a valid PERILS License and according to its terms, by a Licensee or an Authorized User as defined in the License, is illegal and expressly forbidden.

1. General Disclaimer


In no event shall PERILS, or any of its subsidiaries or affiliates, be liable to any party for any cost or damages, including any direct, indirect, special, incidental, or consequential damages, arising out of or in connection with the access or use of, or the inability to access or use, this Site or any of its functions or features, including in connection with any browsing or downloading of any information, data, text, images, or other material accessible through this Site or any website linked to or linking into this Site.

It is the responsibility of the user of this Site to evaluate the accuracy, completeness, reliability and usefulness of any opinions, services or other information provided. None of the information provided in this Site is or intended to be legal, accounting, tax, financial, investment or other professional advice, or advice on specific facts or matters and access is granted on the condition and understanding that it will not be interpreted or relied on as such. No liability whatsoever is assumed for any use or misuse of such information by any person. Users of this Site should consult their professional advisors with respect to their personal circumstances.

2. Disclaimer Regarding Products

This Site may contain information regarding estimates made by PERILS of insured event losses resulting from natural catastrophes and regarding the methodology that PERILS applies to make such estimates. Preparing an estimate of the insured event losses resulting from a catastrophe is an inherently subjective and imprecise process. This involves an assessment of information which is obtained from a number of sources and which may be inaccurate or incomplete.

Moreover, the total insured losses for certain catastrophes may continue to develop over periods of time which exceed the reporting period employed for an insurance risk transaction. Due to a lack of information and uncertainty or error in extrapolating from reported information, PERILS estimates of insured losses from catastrophes may be materially different from actual losses, whether or not insured.

Neither PERILS, nor persons acting on their behalf, nor persons or entities providing information for use in preparing the estimates make any warranty, express or implied, with respect to the PERILS estimates, the manner of estimating and reporting such estimates, or any component, combination, compilation or derivative thereof, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use.

Neither PERILS, nor persons acting on their behalf, nor persons or entities providing information for use in preparing the PERILS estimates guarantees the accuracy and/or completeness of the PERILS estimates or any data included or reflected therein, has any liability for inaccuracies and/or incompleteness of such information, or makes any warranty, express or implied, as to results to be obtained by any person or any entity from the use of the PERILS estimates or any component, combination, compilation or derivative thereof for any purpose or use.

Any insurance risk transaction that refers to PERILS information is not sponsored, endorsed or promoted by PERILS. PERILS does not make any representation or warranty, express or implied, to the users of this Site or to investors or any person regarding the advisability of investing in, or entering into, any such insurance risk transaction.

3. No Recommendation or Advice

The information, features and functions contained on this Site are provided for your informational and educational convenience only. No information provided or available herein should be relied on in making any specific investment, financial planning or other decision. Nothing on this Site is or should be construed as advice, a recommendation, an offer, or any other service to acquire or dispose of any investment or to engage in any other investment or transaction.

4. Intellectual Property

“PERILS” and its logo are registered trademarks of PERILS. Except as indicated otherwise, all information, text, graphic images, logos, features or functions, and layout (including the look-and-feel), as well as any copyrights or other rights, are the exclusive property of PERILS, and may not be copied, reproduced, posted, transmitted or distributed, in whole or in part, in any form (electronic or written) without first having obtained the PERILS’ express written consent. Similar rights of third parties remain reserved.

Nothing on this Site should be construed as granting a license or any other right to use any copyrights, trademarks or logos. Moreover, the downloading or printing of any materials on this Site will not result in the transfer, explicit or implied, of any rights. You may, however, download or print any pages from this Site for personal, non-commercial, use only, provided you do not remove any copyright or other proprietary right notice. Such right may be cancelled or withdrawn at any time by PERILS without notice and without giving any reason therefore.

5. Links

The links from this Site to other websites are provided for your information and convenience only. PERILS does not assume any responsibility or liability with respect to any website linked from this Site (or any website linking into this Site), including its content and operation. PERILS does not review or monitor such links. Some websites may be outside your country and subject to different regulators and rules.

A link from this Site to another website (or a link from another website to this Site) does not constitute a referral, endorsement, approval, advertising, offer or solicitation with respect to such website, its contents, or any products or services advertised or distributed through that website. PERILS believes that the links it provides to other publicly accessible websites, webpages, newsgroups, and other sources, as applicable, is legally permissible and consistent with the common, customary expectations of those who make use of the Internet.

Without the written consent of PERILS, no person and no website may make a link to the this Site website, whether to its homepage or to any internal page.

6. Liability for virus infected software

While PERILS has used its discretion, best judgement and all reasonable efforts in maintaining this Site virus-free, it declines any liability for personal loss, property damage or direct, indirect, immediate or subsequent pecuniary loss which may result from transmission or downloading of computer viruses, and further declines any liability for hardware damage, loss of data, alteration of data, or downtime.

7. Technical access

PERILS does not guarantee timely, trouble-free and uninterrupted access to the Internet and assumes no liability
if such access is not provided. PERILS declines any liability for personal loss, property damage or direct, indirect, immediate or subsequent pecuniary loss.

8. Severability clause

If any one or more provisions of these Terms of Use shall for any reason be held to be invalid, illegal or unenforceable in any respect, all remaining provisions will continue in full force and effect. Any terms or conditions herein which are deemed to be null or void are to be interpreted such that their purpose is to be fulfilled to the fullest extent possible.

9. Applicable law and place of jurisdiction

This Site and these Terms of Use and any claim out or in connection herewith shall be governed by, construed, enforced and performed in accordance with the laws of Switzerland without reference to principles of conflicts of laws. The exclusive place of jurisdiction is the City of Zurich, Canton of Zurich Switzerland. You agree that any action at law or in equity that arises out of or relates to these Terms of Use will be filed only in the courts of the City of Zurich, and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action.

PERILS makes no representation that any information, materials or features/functions included are appropriate for use in any other jurisdiction. The Site is not directed to any person in any jurisdiction where, by reason of that person's nationality, residence, citizenship or otherwise, the publication or availability of the Site and its content is contradictory to local laws or regulations. Persons with respect of whom such restrictions or prohibitions apply must not access or use this Site.

10. Updates and modifications

Updates and modifications to these Terms of Use are subject to change at any time. Be sure to check these Terms of Use each time you access and/or use this Site, since any updated version applies to your access and/or use of this Site.

11. Contact information

If you have any questions, do not hesitate to contact us by e-mail.

For further information contact PERILS’ principal office at:

Marktgasse 3
8001 Zurich
Phone: +41 44 256 81 00

Last update: 12 Sep 2016