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Cat bond & ILW activity help drive PERILS-based transaction limit higher

An increase in use of PERILS industry loss triggers in industry-loss warranty (ILW) transactions focused on European windstorm risk, plus the buoyant catastrophe bond market, have helped to drive PERILS-based limits at risk up 11% to US $3.2 billion, as of the end of August. PERILS AG, the Zurich-headquartered provide of read the full article →

In uncertain times, industry loss triggers make sense: Johansmeyer

In light of current market conditions and a heightened awareness about the hidden costs of UNL or indemnity business, it makes sense to leverage the industry loss index product, according to Tom Johansmeyer, Head of PCS. Industry loss metrics provided by PCS are extremely valuable for the industry and increasingly utilised read the full article →

We’re at the start of an industry-loss trigger adoption wave: Johansmeyer at ILS NYC 2021

It’s just a matter of time before the use of industry loss triggers for risk transfer transactions broadens and is more widely used, which in turn will unlock more diversifying risk into certain sub-sectors of the insurance-linked securities (ILS) space, according to Tom Johansmeyer, Head of PCS. The fifth annual Artemis read the full article →

PERILS investigates Venice & UK floods and Australian bush fires

Industry backed catastrophe loss data aggregator and estimator PERILS AG is investigating three recent events around the globe, to establish whether they will meet the various thresholds for each region and peril to warrant regular reporting. Severe weather has led to a number of catastrophe events in countries where PERILS tracks read the full article →

PERILS expands loss aggregation services to include New Zealand

PERILS AG, the Zurich based provider of industry-wide catastrophe exposure, industry loss data and indices, is expanding its services to include New Zealand. PERILS, which is a non-profit but industry-supported service provider, already collects and distributes data on catastrophe insurance and reinsurance losses in Australia, so adding New Zealand is a read the full article →

PERILS targets expansion into Japan

PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, is targeting expansion into the Japanese market and has hired an adviser to assist it. PERILS provides catastrophe loss data aggregation services, collecting data from certain insurance and reinsurance industry participants and reporting on losses, as well as providing read the full article →

PERILS acquires Canadian loss & exposure data firm CatIQ

PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, has announced that it has acquired Canadian loss and exposure data firm Catastrophe Indices & Quantification Inc. (CatIQ). Toronto based CatIQ provides catastrophe loss and exposure information in Canada, collecting event loss and exposure data from most of the read the full article →

Catastrophe exposure increases for Euro windstorm & PERILS territories

Catastrophe exposure, as measured by insured property values featured in the PERILS AG Industry Exposure Database, increased for European windstorm risks and other territories covered by the service provider in its latest exposure database update. The 2019 update of the PERILS Industry Exposure Database (IED) shows that there is a constant read the full article →

Industry exposure database for Canada launched, first ILW transacted

The first insurance industry exposure database for Canada has been launched by Catastrophe Indices & Quantification Inc. (CatIQ) in partnership with PERILS AG and the first industry-loss warranty (ILW) transaction has been completed on the back of this development. At the moment, the industry exposure database contains year-end estimates for 2016 read the full article →

Total PERILS-based transaction limit placed nears $15 billion

Catastrophe data loss aggregation and estimation firm, PERILS AG, has revealed that since January 1st, 2010, a total of 233 transactions have been placed using its industry loss triggers and data, resulting in combined limits placed of $14.9 billion. The figures are from the company’s latest annual newsletter, which also shows read the full article →