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CRESTA CLIX Quarterly Update Q2 2023

CLIX Update

Summary

The following changes in the CLIX Loss List became effective as result of the CLIX quarterly update per 30 June 2023:

Under investigation

  • Emilia-Romagna Floods, Italy, May 2023
  • Western Europe Severe Storms, Mid-June 2023

Initial loss estimate

  • none

Changed loss estimate

  • European Severe Storms, Jun 2021
  • European Windstorm Series, Feb 2022
  • Ontario and Quebec Derecho, May 2022 *
  • Western Europe Severe Storms, Early June 2022
  • Kanto Hailstorm, Japan, Jun 2022 *
  • Western Europe Severe Storms, Mid-June 2022
  • Hurricane Fiona, Caribbean, Canada, Sep 2022 *
  • Typhoon Nr. 15 (Talas), Japan, Sep 2022 *
  • Southeast Australia Floods, Oct 2022 *
  • North Island Floods, New Zealand, Jan 2023
  • Kahramanmaras Earthquake Sequence, Türkiye, Feb 2023
  • Cyclone Gabrielle, New Zealand, Feb 2023

Final loss estimate

  • none

* below reporting threshold

CLIX Loss List

The CLIX Loss List currently includes 184 major natural catastrophe events,107 of which exceed the reporting threshold. Together the events above the threshold represent a total of more than USD 319 bn 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.

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