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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 →

PERILS joins NatCatDAX Alliance, for catastrophe insurance data in Asia

PERILS AG, to date a provider of industry-wide European catastrophe exposure, industry loss data and indices, has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which will help it broaden its coverage to include some Asian countries.Zurich-based PERILS explained that the NatCatDAX Alliance has been set up read the full article →

European windstorm exposures hit €54 trillion in PERILS database

European windstorm exposures as measured by insured property values included in the PERILS AG Industry Exposure Database have risen by 4.5% to a huge €54 trillion in the latest release of the industry sums insured data set.Zurich-based PERILS AG, a provider of industry-wide European catastrophe exposure, industry loss data and read the full article →

PERILS puts final estimate of windstorm Elon-Felix losses at €329m

PERILS AG has now provided its final estimate for the insurance industry losses caused by January 2015’s European windstorms Elon-Felix. The final estimate shows that losses grew by just one million euros since the first estimate to €329m.PERILS AG, provider of industry-wide European catastrophe exposure, industry loss data and indices, read the full article →

PERILS puts Cumbria, UK flooding under investigation

The recent UK flood event, which struck in the last few days in the northwest largely affecting Cumbria, has now been officially placed 'under investigation' by insurance and reinsurance industry loss data aggregator PERILS AG.As we wrote yesterday, PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data read the full article →

PERILS looks into storm Desmond, investigates windstorm Nils (Clodagh)

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, is actively looking into this weekends UK windstorm Desmond to see whether it deserves full investigation as either a wind or flooding event.PERILS is already investigating one European windstorm event from this extra-tropical storm season. Windstorm read the full article →

PERILS launches European windstorm loss forecasting tool

PERILS AG, the provider of industry-wide European catastrophe exposure, industry loss data and indices, has launched a new website called Wind-Jeannie which provides forecasts of potential industry losses from European windstorms.For PERILS this is a first step into pre-catastrophe event loss forecasting, rather than the established post-event loss calculation and read the full article →

PERILS lowers loss estimate for European storms Elon-Felix to €328m

PERILS AG has lowered its insurance industry loss estimate for January 2015's European windstorms Elon-Felix from the last report of €335m down to a reduced €328m, which is back to where the first estimate for this storm was reported.It's unusual to see the loss estimate reduced, windstorm losses typically rise read the full article →

Slow retro, rise of indemnity reinsurance, slow PERILS data use

Two market factors are likely responsible for a slow-down in the use of industry loss data provided by PERILS AG, the excess capital in reinsurance has reduced the need for retrocession, while the rise of indemnity trigger popularity has dominated trigger use.PERILS AG, the Zurich-based provider of industry-wide European catastrophe read the full article →