PERILS produces event loss information relating to qualifying Australian Cat, Canadian Cat, Europe Windstorm, Italy Earthquake and Italy Flood, UK Flood, 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’).
For Europe Windstorm and UK Flood: an event is considered qualifying if the property market loss is expected to exceed EUR 200m.
For Australia, Italy and Turkey: an event is considered qualifying if the property market loss is expected to have a significant impact on the national or global re/insurance industry.
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 Cyclone, 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 / LUX: Luxembourg / NLD: the Netherlands / NOR: Norway / 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).