Zurich - 18 Jul 2024
EUR 1,568m - PERILS releases initial industry loss estimate for the floods in southern Germany in June 2024
PERILS has today disclosed its initial industry loss estimate for the floods in southern Germany which occurred during the period of 31 May to 6 June 2024.
PERILS’ initial estimate of the insurance market loss, based on loss data collected from the affected insurers, is EUR 1,568 million. In line with the PERILS coverage definition for Germany, this loss number covers the property line of business.