PI Global Investments
Property

PERILS sets 2025 east coast storm losses at $1.5B


Darryl Pidcock, head of Asia-Pacific & cyber at PERILS, said the October storms were one of two substantial severe convective storm events in close succession. “This is the first of two major Severe Convective Storms that impacted this region within a month, generating over AUD 4 billion in insured losses. This report, released six months after the event, includes very detailed hail intensity information at a postcode level. Combining the physical intensities with PERILS Industry Exposure data provides a wealth of information and insights regarding vulnerabilities across the different lines of business enabling a more comprehensive understanding of the impacts of Severe Convective Storms in these exposed regions,” Pidcock said. The PERILS dataset is being used for pricing, zoning, catastrophe model calibration, and accumulation management, particularly for hail‑exposed personal and commercial property and motor portfolios in South East Queensland and northern New South Wales. 



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