Zurich - 24 Jun 2021
AUD 916m - PERILS releases second industry loss estimate for the March 2021 New South Wales and Queensland Floods
PERILS has today disclosed its second industry loss estimate for the New South Wales and Queensland floods, which occurred primarily during the period of 18 to 24 March 2021.
The second estimate of the insurance market loss is AUD 916m and is based on loss data collected from the majority of the Australian insurance market. In line with the PERILS event definition, the PERILS loss number covers the property and motor hull lines of business.