Zurich - 22 Sep 2025
EUR 2,153m - Final PERILS industry loss estimate for the floods in Central Europe of September 2024
PERILS has today disclosed its fourth and final industry loss estimate for the floods in Central Europe which occurred during the period of 14 to 20 September 2024. The loss figures per affected country have been produced by combining the PERILS and CRESTA CLIX methodologies.
PERILS’ final estimate of the insurance market loss is EUR 2,153 million. The loss numbers for Austria and Italy are based on the PERILS CORE methodology which involves the gross-up of loss data provided by affected insurers to 100% market level. Loss estimates for affected territories not currently covered by PERILS CORE are produced in accordance with the CRESTA EXTENDED methodology and are based on the expert evaluation of a broad range of insurance industry sources. The combined approach enables PERILS to provide industry losses for major Cat events anywhere in the world excluding the US.