PERILS produces event loss information relating to qualifying Australian Cat, Canadian Cat, Europe Windstorm and Flood, Italy Earthquake, Japan Flood and Japan Tropical Cyclone, New Zealand Cat, Turkey Earthquake and Turkey Flood events.

The loss numbers shown are not indexed and represent original losses at the time of the event.

When PERILS concludes that an event has the potential to cause a significant re/insured property market loss in the countries covered by PERILS, the event will be investigated to establish whether it can be considered a qualifying event (Status: ‘Under Investigation’).

If the investigation shows that the event is not considered qualifying then PERILS will close the investigation (Status: ‘Non-qualifying Event’).

If the investigation confirms that the event is likely to exceed the threshold or to have a significant impact, PERILS will capture all relevant data from the event and produce reports in line with the PERILS reporting schedule (Status: ‘Qualifying Event’).

PERILS will only report loss information if PERILS determines, in its sole discretion, that a particular event has resulted in total insured property losses above a certain threshold in the Covered Territories (Status: ‘Qualifying Event’). For Extratropical Windstorms and Floods in Europe, this threshold is EUR 500m for pan-European events and EUR 300m for individual countries (currency exchange rate as at the time of the event). For Earthquakes in Italy and in Turkey, for Floods in Turkey, this threshold is EUR 300m (currency exchange rate as at the time of the event). For natural catastrophe events in Australia, this threshold is AUD 500m. For natural catastrophe events in Canada, this threshold is CAD 300m. For natural catastrophe events in New Zealand, this threshold is NZD 300m. For Floods and Tropical Cyclones in Japan, this threshold is JPY 100bn. For loss events below these reporting thresholds, PERILS will generally not report any loss information.

PERILS classifies an event following the peril which acts as the primary contributor to the overall insured property loss. For example, PERILS typically classifies an event as a Europe Windstorm event if losses caused directly or indirectly by wind form the main part of the overall insured property loss.

PERILS, using its professional judgment and in its sole discretion, identifies and designates an unique PERILS event identification number, an event name, an event start and end date as well as a classification of the event according to the prevailing cause of the insured losses (Bushfire, Earthquake, Extratropical Windstorm, Flood, Hailstorm, Tropical Cyclone). In making these judgments, PERILS considers factors such as objective scientific data, event identification by governmental or scientific authorities, as well as information received from the data providing insurance companies and the likely prevailing event definition used by reinsurance buyers and sellers.

PERILS captures data for the following markets:

AUS: Australia / AUT: Austria / BEL: Belgium / CAN: Canada / CHE: Switzerland / DEU: Germany / DNK: Denmark / FRA: France / GBR: the United-Kingdom / IRL: Ireland / ITA: Italy / JPN: Japan / LUX: Luxembourg / NLD: the Netherlands / NOR: Norway / NZL: New Zealand / SWE: Sweden / TUR: Turkey


While efforts are being made to keep this web site helpful and accurate, all information provided below is subject to change without notice.

While a total event loss figure is made publicly available, subscribers to the PERILS Industry Exposure & Loss Database have access to loss data by country, CRESTA Zone and occupancy type (residential property, commercial property, industrial property and agricultural property).

More Less DESCRIPTION OF PERILS

Event losses table

Event Name Event Start Date Peril Captured Markets Original Industry LossLoss Status
Martin 3 27 Dec 1999 Extratropical Windstorm CHE, FRA EUR 2'454m Final Loss Report

Event- ID: 19991227-1

Event Start Date: 27 Dec 1999

Peril: Extratropical Windstorm

Captured Markets: CHE, FRA

Original Industry Loss: EUR 2'454m

Status: Qualifying

Loss Report

Subscribers can access more information under the “Industry Loss” section in the PERILS Portal.

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Lothar 3 26 Dec 1999 Extratropical Windstorm BEL, CHE, DEU, FRA, LUX EUR 5'768m Final Loss Report

Event- ID: 19991226-1

Event Start Date: 26 Dec 1999

Peril: Extratropical Windstorm

Captured Markets: BEL, CHE, DEU, FRA, LUX

Original Industry Loss: EUR 5'768m

Status: Qualifying

Loss Report

Subscribers can access more information under the “Industry Loss” section in the PERILS Portal.

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Anatol 3 03 Dec 1999 Extratropical Windstorm DEU, DNK EUR 1'849m Final Loss Report

Event- ID: 19991203-1

Event Start Date: 03 Dec 1999

Peril: Extratropical Windstorm

Captured Markets: DEU, DNK

Original Industry Loss: EUR 1'849m

Status: Qualifying

Loss Report

Subscribers can access more information under the “Industry Loss” section in the PERILS Portal.

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Original Industry Loss: Insured property loss as at the time of the event, excluding government insurance schemes. Forex rates as at event start date. To subscribers of the PERILS Industry Exposure & Loss Database, losses are available per CRESTA and property lines of business.

1) No qualifying events when applying prevailing reinsurance event definition.

2) Classified as hailstorms by PERILS (hail losses predominate) and are hence not captured.

3) Note that extrapolation to market level is performed on country loss data (as opposed to per-CRESTA zone loss data) and is based on a smaller market coverage than currently captured by PERILS. As a result, the industry loss estimates for these five storm events will not be as accurate as the loss estimates produced by PERILS for windstorms Klaus (Jan 2009) and all following events.