Zurich - 05 Nov 2024
EUR 2,067m - PERILS releases final industry loss estimate for Windstorm Ciarán of November 2023
PERILS has today disclosed its final industry loss estimate for extratropical windstorm “Ciarán”, also known as “Emir”. The storm affected France, the United Kingdom, Belgium, and the Netherlands from 1 to 2 November 2023.
In its fourth and final 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 2,067 million. This industry loss figure is based on detailed loss data collected from affected insurers (“PERILS CORE”). The majority of the losses occurred in France.