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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 →

PERILS upgrades windstorm loss forecast tool, expands it to Australia

Catastrophe data aggregator PERILS AG has upgraded its European windstorm industry loss forecasting software tool and expanded it to cover Australian tropical cyclones as well.PERILS launched the tool named Wind-Jeannie in 2015, to provide forecasts of potential insurance or reinsurance industry losses from European windstorms as they approached the continent.The 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 →

Exposures rise across Euro wind & other PERILS territories

Exposures, as measured by insured property values included in the PERILS AG Industry Exposure Database, rose across European windstorm risks and the other territories the service provider covers in the latest version of its database.European windstorm risks remain the largest exposure in the PERILS database, with some 190 million individual read the full article →

Australia & Turkey provide PERILS based limits at risk growth

PERILS AG, the provider of industry loss data and indices for use as risk transfer triggers, has reported healthy growth in the limits at risk using its services, expanding them 17% over the last year to reach $3.1 billion, with the growth attributed to expansion into Australia and Turkey.PERILS launched read the full article →

PERILS industry loss triggers used in $14.2bn of risk transfer to-date

Industry loss triggers continue to play a vital role in risk transfer transactions, such as catastrophe bonds, industry loss warrants (ILW's) and other private ILS or collateralized reinsurance arrangements, and now PERILS AG has reached $14.2 billion of limit placed using its triggers and data.Last year, PERILS reported a dip read the full article →

European windstorm exposures static at €54 trillion: PERILS

European windstorm exposures, as measured by insured property values included in the PERILS AG Industry Exposure Database have remained relatively static in 2016, totaling €54 trillion in the latest release of the industry sums insured data set.Zurich-based PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and read the full article →

PERILS updates European windstorm industry loss forecasting tool

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has updated the underlying loss model of its Wind-Jeannie tool in advance of the coming 2016/17 European windstorm season.PERILS launched Wind-Jeannie in time for last years European windstorm season. The online tool provides forecasts of potential read the full article →

Industry loss triggers face ongoing competition from indemnity: PERILS

The use of industry loss triggers in risk transfer transactions such as catastrophe bonds and other private ILS or collateralised reinsurance arrangements, decreased in recent years as high levels of re/insurer equity capital and competition from indemnity triggers affected uptake.Industry loss calculations and indices provide a useful proxy for insurance read the full article →