{"id":1097,"date":"2025-04-17T08:00:18","date_gmt":"2025-04-17T08:00:18","guid":{"rendered":"https:\/\/esportslegendary.com\/?p=1097"},"modified":"2025-04-17T13:11:56","modified_gmt":"2025-04-17T13:11:56","slug":"perils-adds-scs-to-2025-exposure-database-following-major-loss-events","status":"publish","type":"post","link":"https:\/\/esportslegendary.com\/index.php\/2025\/04\/17\/perils-adds-scs-to-2025-exposure-database-following-major-loss-events\/","title":{"rendered":"PERILS adds SCS to 2025 exposure database following major loss events"},"content":{"rendered":"

Zurich-based catastrophe insurance data provider PERILS AG has added market sums insured for the peril of severe convective storm (SCS) in Europe, Japan, and New Zealand to its 2025 Industry Exposure Database (IED), citing growing demand from re\/insurers following multi-billion-dollar loss events in Germany, France, and Italy in recent years.<\/p>\n

\"perils-ag-logo\"For those unaware, the IED contains market sums insured exposed to natural perils for 21 countries, namely Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Indonesia, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, the Philippines, Sweden, Switzerland, Thailand, Turkey, and the United Kingdom.<\/p>\n

The PERILS IED 2025 contains 67 individual market portfolios, including, for the first time, market sums insured for the peril of SCS in Europe, Japan, and New Zealand, as well as motor hull sums insured, which are reportedly a significant loss contributor in SCS events.<\/p>\n

\u201cThe PERILS IED 2025 includes sums insured exposed to natural perils totalling USD 108 trillion of insured property assets. This represents an exposure growth of 3.9% year-on-year at constant USD exchange rates, but -2.8% at variable USD exchange rates, reflecting the impact of the strengthening dollar in 2024,\u201d PERILS explained.<\/p>\n

The firm continued, \u201cFurthermore, inflationary pressures during the last two years have eased off, which has resulted in, for example, a 3.4% year-on-year increase in sums insured for European windstorm at constant EUR exchange rates and 4.0% at variable EUR exchange rates \u2013 growth rates which are similar to pre-2023 levels.\u201d<\/p>\n

\n

\"Download<\/a><\/p>\n<\/div>\n

Christoph Oehy, CEO of PERILS, commented, \u201cThere has been growing demand from re\/insurers for PERILS to include the severe convective storm perils in our exposure database following multi-billion-dollar loss events in Germany, France, and Italy in recent years.<\/p>\n

\u201cWe are therefore extremely grateful for the support of all our data-providing insurance companies who have provided sums insured information for the SCS peril, in addition to the exposure data covering all other major natural perils.\u201d<\/p>\n

Oehy concluded, \u201cSevere convective storms often generate hail which can cause significant damage to motor portfolios. It was therefore important to include motor exposures in our SCS database, alongside property exposures.<\/p>\n

\u201cWe believe this is the first time that market motor portfolios, based on broad and systematic data collections from insurance companies, have been made available. We are proud of this achievement and thank our data providers for their ongoing commitment.\u201d<\/p>\n

The post PERILS adds SCS to 2025 exposure database following major loss events<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zurich-based catastrophe insurance data provider PERILS AG has added market sums insured for the peril of severe convective storm (SCS) in Europe, Japan, and New Zealand to its 2025 Industry Exposure Database (IED), citing growing demand from re\/insurers following multi-billion-dollar loss events in Germany, France, and Italy in recent years. For those unaware, the IED…<\/p>\n","protected":false},"author":1,"featured_media":643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/comments?post=1097"}],"version-history":[{"count":3,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1097\/revisions"}],"predecessor-version":[{"id":1100,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/1097\/revisions\/1100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media\/643"}],"wp:attachment":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media?parent=1097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/categories?post=1097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/tags?post=1097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}