Zurich - 19 Apr 2022
AUD 3,991m - PERILS releases initial industry loss estimate for the Eastern Australia Floods of February-March 2022
PERILS has today disclosed its initial industry loss estimate for the Eastern Australia floods, which occurred during the period of 23 February to 8 March 2022.
PERILS’ initial estimate of the insured market loss, based on loss data collected from the majority of the Australian insurance market, is AUD 3,991 million. In line with the PERILS event definition, the PERILS loss number covers property and motor hull lines of business.