Zurich - 26 Jan 2023
AUD 840m - PERILS releases second loss report for the Southeast Australia Floods of October 2022
PERILS has today disclosed its second industry loss estimate for the Southeast Australia floods, which occurred during the period of 12 to 28 October 2022.
PERILS’ second estimate of the insured market loss, based on loss data collected from the majority of the Australian insurance market, is AUD 840 million. In line with the PERILS event definition, the PERILS loss number covers the property and motor hull lines of business.