CRESTA Industry Loss Index – CLIX

Zurich, 1 October 2020 – Insurance professionals seeking a comprehensive list of Nat Cat industry losses quickly discover that the limited information available is often incomplete, outdated and unstructured.

To address this critical data shortfall, CRESTA, the global institution dedicated to natural catastrophe insurance, will shortly launch the CRESTA Industry Loss Index – CLIX.

CLIX provides structured information on natural catastrophe losses incurred by the global insurance industry. The database provides key information, including insured loss data and detailed event descriptions, for all major Nat Cat events extending back to 2000 based on available information sources.

The CLIX reporting threshold is USD 1bn and each event is analysed by a team of highly experience insurance professionals to establish whether it exceeds this insured loss level. The database is updated on a regular basis to include new events and new information on past events.

For access to systematic and reliable Nat Cat industry loss information, CLIX is coming soon. For more information please visit cresta.org.

About CRESTA

The CRESTA organisation was established by the insurance and
reinsurance industry in 1977 as an independent body for the technical management of natural catastrophe insurance. Its manager is PERILS CRESTA AG, a subsidiary of Zurich-based PERILS AG. CRESTA's main goal is to establish and maintain a uniform global system for the exchange, comparison, visualization and modelling of aggregated insurance data used for risk accumulation control and risk assessment, among other uses. Over time, CRESTA will add other services increasing standardization, efficiency and data availability to the benefit of the insurance industry.

More information on CRESTA can be found on cresta.org

About PERILS

PERILS is an independent Zurich-based organisation providing
industry-wide natural catastrophe exposure and event loss data. The PERILS Industry Exposure & Loss Database is available to all interested parties via annual subscription. The database contains industry property sums insured and event loss information on a CRESTA zone level and per property line of business. PERILS industry loss estimates provided via the PERILS Industry Loss Index Service can be used as triggers in insurance risk transactions such as industry loss
warranty contracts (ILW) or insurance-linked securities (ILS). The
service currently covers the following 16 countries: Australia, Austria,
Belgium, Canada, Denmark, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Sweden, Switzerland, Turkey, and the United Kingdom. The use of PERILS exposure and loss data other than in conjunction with a valid PERILS License and according to its terms, by a Licensee or an Authorized User as defined in the License, is illegal and expressly forbidden.

More information on PERILS can be found on perils.org