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Industry loss from storms Arwen & Barra to be less than €200mn, says PERILS

December 23, 2021

Catastrophe risk modeller PERILS has said that the insurance industry losses from European Windstorms Arwen and Barra remain under €200 million for both events.

PERILS’ threshold for reporting on loss events is €200 million, so the fact the impact of these two storms will remain below this level means that the firm will not issue report loss numbers for the events.

The risk modeller’s view of the industry loss from these events is in line with other sources, with broker Aon saying recently that storm Arwen would only be an economic loss with insured losses in the tens of millions of pounds.

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