Perils AG, a new independent Zurich-based company with eight major firms as stakeholders, said late this year it should begin offering data on European winter storm exposures and insured losses.
The company, which expects to announce a chief executive officer shortly and employ four or five staff, said it will aggregate and provide industrywide European catastrophe insurance data as a subscription service.
Perils said aggregated data sets will be derived from data voluntarily provided by European-based insurers and its founding shareholders include: Allianz, AXA, Groupama, Guy Carpenter, Munich Re, PartnerRe, Swiss Re and Zurich.
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