Zurich - 06 Jun 2025
EUR 1,564m - PERILS releases final industry loss footprint for the floods in southern Germany in early June 2024
PERILS has today disclosed its fourth and final industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024.
In its final loss report, provided in the form of an industry loss footprint at CRESTA zone resolution, PERILS estimates that the event has cost the insurance industry a total of EUR 1,564 million. This figure covers the property line of business and is based on detailed loss data collected from affected insurers which are subsequently grossed-up to 100% market (“PERILS CORE”).