PERILS AG

Speaking to Intelligent Insurer’s "Baden-Baden Today" team, PERILS AG CEO Christoph Oehy discussed evolving trends in Europe’s natural peril landscape, including the growing threat posed by secondary perils, highlighted the expanding role of data in this shifting environment, and outlined how industry collaboration is at the core of PERILS’ approach to amplifying cat understanding through improved data. The article “Adapting to new risk landscapes with clever data: PERILS” is available here. #BadenBaden #NatCat #SecondaryPerils #Reinsurance #EarningsPerils

PERILS has today disclosed its final industry loss estimate for the floods and storms caused by low-pressure systems Babet (Viktor) and Aline (Wolfgang) over the British Isles and northwestern Europe during the period of 18 to 22 October 2023. In its fourth and final 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 639 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property line of business. The majority of the Babet-Aline losses were related to flooding in the UK. For further information, please refer to attached press release.

PERILS and CyberAcuView have today announced the expansion of the US Cyber Industry Loss Index with unintentional (‘accidental’) loss events commencing 1 October 2024.   Please see the attached press release.

News from RVS Monte Carlo: Watch the panel interview with Darryl Pidcock, Head of Cyber of PERILS, in the latest article from AM Best TV.

News from RVS Monte Carlo: Watch the video interview with Christoph Oehy, CEO of PERILS, in the latest article from AM Best TV.

PERILS has today disclosed its second industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024. For further information, please refer to the attached press release.

PERILS has today disclosed its initial industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024. PERILS’ initial estimate of the insurance market loss, based on loss data collected from the affected insurers, is EUR 1,568 million. In line with the PERILS coverage definition for Germany, this loss number covers the property line of business. For further information, please refer to the attached press release.

PERILS has released its third loss estimate for the Australia Christmas Storms which affected the states of Victoria, New South Wales, and Queensland during the period of 23 to 29 December 2023. The updated industry loss figure is AUD 1,563m and is based on detailed loss data by postcode and property and motor hull lines of business collected from the majority of the Australian insurance market. For further information, please refer to the attached press release.

PERILS in partnership with CyberAcuview are honoured to be awarded the ILS 'Initiative of the Year' at the recent Insurance Insider ILS 2024 awards in London. The US Cyber Industry Loss Index was 'hailed by the judges as a significant milestone for the cyber ILS industry which has already supported bond issuances'. PERILS would like to thank Insurance Insider ILS and its judging panel, our partner CyberAcuView as well as our industry partners who we have worked so closely with in recent months. #cyber.perils.org, #ILSAwards24

PERILS has today disclosed its final 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 fourth and final 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 495 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property line of business. For further information, please refer to the attached press release.