Catastrophe risk modeller RMS has estimated that insurance industry losses from windstorms Dudley (Ylenia) and Eunice (Zeynep), which battered parts of Europe in February, will be between €3 billion and €4.5 billion.
Of this total, RMS expects storm Eunice to account for the large majority, or between €2.5 billion and €3.5 billion, ranking it as the most damaging European windstorm since Kyrill in 2007.
The windstorms caused widespread damage across parts of Europe over February 16th to 19th, with particularly severe impacts in Germany. In fact, RMS estimates that Germany will account for 40% of the total industry loss, followed by the Netherlands at approximately 20%, and the UK at roughly 15%.
