Loss Announcement:

Zurich - 17 Aug 2023

NZD 2,018m - PERILS releases third industry loss estimate for Cyclone Gabrielle of February 2023

PERILS has today disclosed its third industry loss estimate for the Cyclone Gabrielle which impacted the North Island of New Zealand during the period of 11 to 17 February 2023.

In its third loss report, provided in the form of a detailed industry loss footprint at postcode resolution, PERILS estimates that the event has cost the insurance industry a total of NZD 2,018m.