Loss Announcement:

Zurich - 22 May 2024

EUR 495m - PERILS releases final loss estimate for the Emilia-Romagna Floods of May 2023

PERILS has today disclosed its final industry loss estimate for the floods in the Emilia-Romagna and neighbouring Marche and Tuscany Regions in northern and central Italy during the period of 2 to 22 May 2023.

In its fourth and final 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 495 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property line of business.