PERILS AG, a Zurich-based provider of catastrophe insurance data, has broadened its industry loss reporting to include severe convective storms (SCS) in several new territories.
Effective Aug. 1, the company will now report on SCS-related insurance losses in 10 European countries – Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Switzerland, and the UK – as well as in Japan and New Zealand.
This expansion builds on PERILS’ existing SCS reporting in Australia and Canada.
The new service will track industry losses from SCS events that exceed specific thresholds:
Both property and motor insurance lines are included.
Exposure data for these regions was made available to the market in April 2025 through the PERILS platform.
PERILS’ reporting is based on its CORE methodology, which relies on data provided directly by insurers.
Information is gathered at the CRESTA zone and by line of business, allowing for detailed analysis of market exposures and event losses.
The resulting data set is intended to support a range of industry needs, such as risk evaluation, the design of industry-loss-based risk transfer products, and the validation of catastrophe models.
PERILS CEO Christoph Oehy said the expansion is a response to industry demand and reflects a key target for the year.
“The inclusion of the peril of severe convective storm in the PERILS CORE product is a response to widespread market demand and marks the achievement of an important goal for 2025. We thank our data-providing insurance partners for the strong support which has made this possible,” he said.
Oehy also emphasised the growing significance of SCS as a risk for insurers worldwide, pointing out that comprehensive exposure and loss data is critical for understanding and managing this peril.
“Since 2009, through the consistent application of our from-ground-up PERILS CORE approach and with the continuous support of the insurance industry, PERILS has worked to address this data shortfall. This will not only help to improve Cat models and risk assessment in general but also facilitate new risk capital through the use of PERILS as a reporting agency for SCS-focused industry-loss-based risk transfer products,” he said.
In a separate development, Willis has reported that insured losses from natural catastrophes are projected to surpass $100 billion globally in 2025, marking the seventh year in a row at or above this level.
The Willis Natural Catastrophe Review highlighted several major events, including the January wildfires in Los Angeles, which have resulted in insured losses exceeding $40 billion. This event alone accounts for a significant portion of the year’s global catastrophe losses and has already placed financial pressure on insurers.
Other notable incidents in 2025 include large-scale wildfires in Japan and South Korea, a record-setting tornado season in the US, a rare cyclone landfall in Australia near Brisbane, and Ireland’s highest recorded wind speed.
