Zurich - 06 Dec 2024
PERILS has today disclosed its third industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024.
In its third loss report, provided in the form of an industry loss footprint at CRESTA zone resolution, PERILS estimates that the event has cost the insurance industry a total of EUR 1,582 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property line of business.