Perils AG

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.

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.

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.

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.

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.

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 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.

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.

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, provider of industry-wide European catastrophe exposure, industry loss data and indices, has released an updated estimate of €335m for insurance industry losses from January’s European windstorms Elon-Felix.