industry loss

The severe convective storm and hail outbreak across parts of western Europe between August 26th and 28th 2026 is initially estimated to have caused nearly EUR 3.3 billion of insurance industry losses, according to catastrophe data aggregator PERILS AG.

Moody’s RMS Event Response has now provided an initial estimate of insurance industry losses from recent hurricane Isaias, placing them in a range between $2.5 billion and $4.5 billion.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has provided an initial estimate for the private insurance market loss from wind and storm surge associated with recent hurricane Isaias, saying it expects the total to be $3 billion.

Verisk, a catastrophe risk modelling and data analytics specialist, has now issued an initial industry insured loss estimate for recent hurricane Isaias, saying that onshore property losses from the storm could reach $2 billion.

Euler ILS Partners, the specialist Swiss insurance-linked securities (ILS) investment manager, has placed an initial insurance industry loss estimate for recent hurricane Isaias in the range of $2 billion to $4 billion, noting there is the potential for the storm’s losses to add to aggregate structures.

A wave of severe convective storms that swept across Germany, France, Switzerland, and Italy in Europe between 13th and 19th July 2026 are estimated to have caused an insurance industry loss of EUR 2.186 billion, according to catastrophe data aggregator PERILS AG.

As per reinsurance broker Howden Re, industry loss warranties (ILWs) are expected to return to more normalised growth in 2026, as the January 1st reinsurance renewals showed rates falling by 10% to 20%.

According to insurance and reinsurance broker Aon, global insured losses from natural catastrophes reached $114 billion after one of the lightest (in loss terms) third-quarters in decades, thanks in part to the quiet hurricane season.

Catastrophe data aggregator and industry-loss reporting service provider PERILS AG is to expand its coverage for severe convective storm (SCS) events and begin reporting insurance industry losses for SCS events in Europe, Japan and New Zealand.

Competitive pricing for industry-loss warranty (ILW) protection has driven “considerable interest from a growing demographic of buyers” at the January 1st 2025 reinsurance renewals, according to broker Howden Re.