Loss Announcement:

Zurich - 22 Nov 2023

EUR 509m - PERILS releases third loss estimate for the Emilia-Romagna Floods of May 2023

PERILS has today disclosed its third 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 third 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 509 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property line of business.