Zurich - 24 Aug 2017
PERILS discloses final loss estimate for the August 2016 earthquake in Central Italy of EUR 108m
PERILS has today disclosed its final loss estimate for the Mw 6.0 earthquake which impacted Central Italy on 24 August 2016. The revised estimate of the property insurance market loss, based on loss data collected from insurance companies, is EUR 108 million. This compares to an earlier loss estimate of EUR 66 million which was issued by PERILS on 24 November 2016, three months after the event.
In this final loss report, the market loss data are available by CRESTA zone and property line of business. This loss footprint information is complemented by instrumental shaking intensities, peak ground accelerations and loss ratios which show the incurred loss from the earthquake as a percentage of the sums insured.
Subscribers to the PERILS Industry Exposure & Loss Database can find more information about this earthquake in the “Industry Loss” section of the website.
Please note: The final loss report for the series of earthquakes which hit a similar region in Central Italy on 26 and 30 October 2016 will be released by PERILS on 26 October 2017.