Zurich - 13 Mar 2023
AUD 6,527m - PERILS releases final loss estimate for the Eastern Australia Floods of February-March 2022
PERILS has today released its fourth and final loss estimate for the Eastern Australia floods, which affected the states of Queensland and New South Wales during the period of 20 February to 11 March 2022.
In its fourth and final loss report, provided in the form of a detailed industry loss footprint with losses per CRESTA Zone and Property LoB, PERILS estimates that the event has cost the insurance industry a total of AUD 6,527 million. This industry loss figure is based on detailed loss data collected from affected insurers.