Zurich - 31 Jan 2022
PERILS has today disclosed its second industry loss estimate for the Southern Australia Severe Storms which occurred during the period of 28 to 30 October 2021.
The figure for the second estimate is AUD 1,028 million which is unchanged from the initial loss estimate of AUD 1,028m issued by PERILS on 10 December 2021. This figure is based on loss data collected from the majority of the Australian insurance market and includes losses in the property and motor hull lines of business.