PERILS AG, the Zurich-based company providing industry-wide catastrophe insurance data will now include Japan and New Zealand in its Severe Convective Storm (SCS) data service.
A press release by the company said the service will now also include Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Switzerland and UK.
The new service will complement SCS reporting in Australia and Canada and capture SCS industry losses above EUR500m, JPY100bn and NZD300m respectively, as of 1 August 2025, applying the PERILS CORE methodology. It will cover the property and motor lines of business.
Speaking on the expansion PERILS CEO Christoph Oehy said, "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, “SCS is an important and growing peril for the insurance industry globally. Access to data on exposures and losses is key for understanding the SCS risk, as it is for all other natural perils. Yet in the past, reliable and systematic industry data was largely unavailable. 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.”
The PERILS Industry Exposure & Loss Database is available as PERILS CORE and PERILS EXTENDED to all interested parties via annual subscription. PERILS CORE contains industry-level sums insured and event loss information on a CRESTA zone level and per insurance line of business.
The product currently covers 18 countries: Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Sweden, Switzerland, Turkey, and the United Kingdom. In addition, PERILS industry exposure data are available for Indonesia, the Philippines and Thailand.