Loss Announcement:

Zurich - 28 Jun 2017

PERILS discloses second loss estimate for tropical cyclone Debbie of AUD 1, 411m

PERILS AG has today disclosed its second loss estimate for tropical cyclone Debbie, which affected the Australian states of Queensland and New South Wales from 28 March 2017 until the early part of April.

The revised estimate of the property insurance market loss is AUD 1,411 million. This compares to the initial loss estimate of AUD 1’116 million which was issued by PERILS on 9 May 2017.

In line with the PERILS loss reporting schedule, the third loss estimate for Debbie will be released on 28 September 2017, six months after the event. The third and any following loss estimates will be provided in full resolution, i.e. at four-digit postcode level and by the property sub-lines Residential and Commercial.

Subscribers to the PERILS Industry Exposure & Loss Database can find more information about Debbie under “Industry Loss”.