Zurich - 09 Jun 2022
AUD 4,895m - PERILS releases second industry loss estimate for the Eastern Australia Floods of February-March 2022
PERILS has today disclosed its second industry loss estimate for the Eastern Australia floods, which occurred during the period of 20 February to 11 March 2022.
PERILS’ second estimate of the insured market loss, based on loss data collected from the majority of the Australian insurance market, is AUD 4,895 million. In line with the PERILS event definition, the PERILS loss number covers the property and motor hull lines of business.