Zurich - 31 Jul 2025
Severe Convective Storms – Industry Loss Reporting for Europe, Japan, New Zealand
PERILS expands industry loss reporting to include Severe Convective Storm (SCS) events in Europe, Japan and New Zealand as from 1 August 2025.
PERILS today announced that it has extended its PERILS CORE market coverage to include industry loss reporting for the peril of severe convective storm in Europe ((Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Switzerland, United Kingdom), Japan and New Zealand. The new service complements the SCS coverage in Australia and Canada.
SCS industry losses above EUR 500m, JPY 100bn and NZD 300m, respectively, will be captured with the well-established PERILS CORE methodology as from 1 August 2025. The covered lines of business are property and motor. The corresponding SCS industry exposure data was released earlier this year in April and can be accessed via the PERILS Platform.
PERILS is deeply grateful for the support received by its insurance partners, which made this major development possible.