Loss Announcement:

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Zurich - 10 Feb 2025

CatIQ and PERILS release industry loss update for the Calgary Hailstorm of 5 August 2024

CatIQ and PERILS have today released their fourth industry loss estimate for the Calgary Hailstorm of 5 August 2024.

In their fourth loss report, provided in the form of an industry loss footprint at high-resolution CRESTA zones , CatIQ and PERILS estimate that the event has cost the insurance industry a total of CAD 3,253 million. This industry loss figure is based on detailed loss data collected from affected insurers and covers the property and motor line of business.