PERILS AG, the independent Zurich-based company providing industry-wide catastrophe insurance data, has released the PERILS Industry Exposure Database (IED) 2025.
This year sees the inclusion of market sums insured for the peril of severe convective storm (SCS) in Europe, Japan and New Zealand. In addition, motor hull sums insured, which are a significant loss contributor in SCS events, have also been included.
The IED contains markets sums insured exposed to natural perils for 21 countries: 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. In total the PERILS IED 2025 contains 67 individual market portfolios.
The PERILS IED 2025 includes sums insured exposed to natural perils totalling $108 tn 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 trengthening dollar in 2024.
Furthermore, 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% at variable EUR exchange rates – growth rates which are similar to pre-2023 levels.
The PERILS IED 2025 is produced from the ground-up by collecting sums insured information from the majority of the insurance market across all territories covered by PERILS.
The market sums insured are available by CRESTA zone, lines of business and coverage type. The in-force date of the exposure data is 1 January 2025.
IEDs provide critical datasets for understanding Cat risk and can be analysed using Cat risk models to determine potential market losses, as well as for benchmarking an insurance company’s market
position.
Further, when combined with event loss data, the IEDs can provide insights into the vulnerability of insured assets.
There 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.
Christoph Oehy, CEO of PERILS
“We 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,” Christoph Oehy commented.
He continued: “Severe 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. We 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.”
