CRESTA CLIX Quarterly Update Q3 2021

Summary CLIX Update Q3 2021

The following changes in the CLIX Loss List became effective as result of the CLIX quarterly update per 30 September 2021:

Under investigation

• Japan Heavy Rain, Aug 2021

Initial loss estimate

• European Severe Storms, Jun 2021
• European Summer Floods, Jul 2021
• China Henan Floods, Jul 2021

Changed loss estimate

• Typhoon No. 21 (Jebi), Sep 2018
• Typhoon No. 24 (Trami), Sep - Oct 2018
• Hurricane Dorian, Aug - Sep 2019
• Typhoon No. 15 (Faxai), Sep 2019
• Typhoon No. 19 (Hagibis), Oct 2019
• China Summer Floods, Jun - Sep 2020
• Calgary Hailstorm, Jun 2020
• Japan Heavy Rain, Jul 2020
• Typhoon No. 10 (Haishen), Sep 2020
• Fukushima Mw 7.0 Earthquake, Feb 2021
• New South Wales and Queensland Floods, Mar 2021

Declared final

• Japan Heavy Rain (Typhoon No.7, Prapiroon), Jun - Jul 2018
• Northern Osaka Earthquake, Jun 2018
• Australian Bushfires Peak Loss, Dec 2019 - Jan 2020
• Israel Floods, Jan 2020 *
• Fort McMurray Ice Jam Flooding, Apr 2020 *
• Southern France, Northern Italy Floods, Oct 2020 *

* below reporting threshold

CLIX Loss List

The CLIX Loss List currently includes 164 major natural catastrophe events, 97 of which exceed the reporting threshold. Together the events above the threshold represent a total of more than USD 287bn in industry losses.

Reporting Schedule

Whenever feasible, a first CLIX industry loss estimate will be made available by the end of the quarter following the event’s end date. All subsequent industry loss estimates will be made available in the following quarters up to a maximum of three years after the first industry loss estimate was released, unless it is declared final by CRESTA at an earlier stage.

Products

For each qualifying CLIX event, a detailed event description is provided together with structured data on fatalities, number of claims, and other relevant information where available. All information is easily retrievable from the database via the website in pdf and Excel format.