Zurich - 10 Dec 2021
AUD 1,028m - PERILS releases initial industry loss estimate for October 2021 Southern Australia Severe Storms
PERILS has today disclosed its initial industry loss estimate for the Southern Australia Severe Storms which occurred during the period of 28 to 30 October 2021.
PERILS’ initial estimate of the insured market loss, based on loss data collected from the majority of the Australian insurance market, is AUD 1,028 million. In line with the PERILS event definition, the PERILS loss number covers the property and motor hull lines of business.